Ichimoku analysis of BTC In safe zone but still not out of danger. Need to close above the cloud this time and we will see a start of a fresh bull run. Hoping that it will follow $ETH on this.
Ichimokukinkohyo
EURUSD (Ichimoku Kinko Hyo analysis) Weekly:
Kumo down
Kijun down
Tenkan down
Chiko below candles
Daily:
Kumo down (Quite thin)
Kijun down
Tenkan down
Chiko below candles
Note: Price is in Kihon Suchi (Equalibrium - means buyers 50- Sellers 50) + Doji => watch market
First scenario: If the price broke the Doji => Sell signal in LTF =>price can continue to go down till 25 July (next Kihon Suchi)
Second scenario:
-Prices retrace till 25 July and sell
-If prices still go up till 5 August, sell bases on LTF on 5 August
Conclusion:
Long term trend: Sell bias since all Lines of Ichimoku in Weely TF all down
Not recommend to buy based on Daily, Weekly but H4 possible
However, in Weekly price quite close to Kihon suchi weekly and there are many economic events in the next 7 days => can affect heavily to the market => can change whole direction since 1USD = 1EUR now
EUR/GBP Ichimoku Cloud AnalysisNOT A FINANCIAL ADVICE, FOR EDUCATIONAL PURPOSES ONLY
Short positions below 0.84250 with targets at 0.83600 & 0.82500 in extension. Pivot: 0.84250
Comments: Chikou breakout, Tenkan sen kijun sen crossover, Tenkan and kijun pointing down, Kumo cloud twist, trendline break.
EUR/AUD Ichimoku Cloud Analysis‼️Not a financial advice, for educational purposes only‼️
Short positions below 1.4800 with targets at 1.4600 & 1.43800 in extension. I’m placing sell limit orders at 1.4800.
Comments: chikou breakout, tenkan kijun cross, kumo cloud twist, double top
BTC/USD - weekly 200MA is now resistance againA quick BTC 1 week chart update:
Note that BTC has closed another weekly candle below the weekly 200MA.
The Ichimoku Cloud Conversion Line (Tenkan Sen) is indicating that the mid-point of the short-term momentum is downwards at the moment on this 1 week timeframe.
The Ichimoku Cloud Base Line (Kijun Sen) is indicating that the mid-point of the mid-term momentum is sideways at the moment on this 1 week timeframe.
The Ichimoku Cloud Lagging Span (Chikou Span) is indicating that momentum at the moment is downwards on this 1 week timeframe. Note that the Lagging Span (Chikou Span) is still under the previous price.
BTC is still in a massive Ichimoku Y Wave and it is also in a new Ichimoku P Wave on this 1 week timeframe.
BTC is also still in a massive Descending Wedge Pattern.
BTC is still well below its Bollinger Bands Middle Band Basis 20 period SMA on this 1 week timeframe. Note that the Lower Band is still pointing downwards and the Upper Band is starting to curve downwards.
We should keep an eye on both the 50MA and 100MA on this 1 week timeframe because the 50MA is curving downwards and may cross back under the 100MA.
The weekly 200MA is now resistance again so we will have to see if BTC can attempt again and succeed in crossing back above the 200MA and turn it into strong support. It’s always important to have a little patience, do your own research, check multiple timeframes and if needs be, to wait for confirmation like a close above the weekly 200MA and successful re-test as support. From my opinion, if in doubt, a successful close above and re-test as support of a crucial level in whatever timeframe you are trading in is....... crucial.
It should be another interesting week. I hope this is helpful with your trading and hodl-ing.
Notes:
50MA = Orange Line
100MA = Purple Line
200MA = Red Line
BA Ichimoku Cloud AnalysisNot a financial advice, for educational purposes only!
Bullish sentiment above 153.00.
Lesson: When using Ichimoku Cloud, it is important to look where is the chikou span. In this case, it is currently sitting inside the cloud so no trades. To avoid fake setups, the chikou span is your friend. It is also good as s/r tool!
comments: EARNINGS COMING in 27 JULY 22. Estimated -0.13. Awaiting for the further details.
Ichimoku Analysis TOTAL2Today's closing will decide whether #alts will bounce from here or goo little more deep. 568 is the value it should not break.
USOIL REMAINS BEARISHD1 chart is showing us how bearish usoil. But I am not suggesting anyone to sell at current level. I prefer market to retrace to my selling zone. With the target taking profit 90-95 level if we get any retracement to the level I mark selling zone.
Trade well and wisely. 🙏🙏🙏
Ichimoku Analysis for BTCPrice is still holding onto its support however $BTC.D is not looking good. Is #alts rally on the card?
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