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Ichimokukinkohyo

ADA/USDAt the moment of typing this, ADA is still below its longterm Pitchfork Median Line and has been below it since the 3rd March 2022. ADA is also in a Descending Pitchfork Pattern (Black A,B,C). At the moment, ADA is still above its Descending pitchfork Median Line. At the moment, ADA has found some support from its Descending Upper Yellow Pitchfork Support Line. At the moment ADA is back above its Least Squares Moving Average (LSMA) for this 1 day timeframe. At the moment, ADA is also back above its Bollinger Bands Middle Band Basis 20 Period SMA. Not that we have yet to get expansion of the Upper and Lower Bands Using the Ichimoku settings of 20,60,120,30, we can see that ADA is still in the Bearish Zone of the Ichimoku Cloud and ADA has not made an attempt to break back into the Equilibrium Zone since the 18th Jan 2022 when ADA failed to close a daily candle within the Cloud. At the moment, ADA is above its Volume Profile Fixed Range Point of Control (VPFR POC) for the Fixed Range of 20x daily candles that i have selected. At the moment, ADA is still below its Volume Profile Visible Range Point of Control (VPVR POC) for this charts Visible Range. At the moment, Volume on this Binance Chart for ADA is still relatively low compared to what ADA was getting around May 2021. Looking at the Average Directional index (ADX DI), Positive Momentum has dropped with the +DI (green Line) dropping to 22.56 and note that Negative Momentum has also dropped with the -DI (Red Line) dropping to 18.89. The Trend Strength is still weak with the ADX (Orange Line) at 18.57 and still below the 20 Threshold and also below its 9 Period EMS (Black Line) at 20.82. Looking at the Moving Average Convergence Divergence (MACD), the MACD Line (Blue Line) is indicating momentum is upwards at the moment and it is above its Signal Line (Orange Line). Note that the MACD Line (Blue Line) is still in the Negative Zone under the 0.0 Base Line on this 1 day timeframe. Note that the MACD Line (Blue Line) has not been in the Positive Zone above the 0.0 Base Line since 20th Jan 2022 on this 1 day timeframe. Here is a wider look at this ADA 1 day chart with its Longterm Pitchfork Pattern: Looking at this ADA 1 day chart, i personally wouldn’t get excited until ADA gets back above its Longterm Pitchfork Median Line and also starts making a Hight Highs and Higher Lows above $1.63. So depending on what BTC does and what your Trading plan, Hodl-ing Plan or DCA plan is, it looks like there will still be good opportunities to acquire more ADA or your crypto of choice at a discount price. On another note, if ADA drops below its Descending pitchfork Median Line then we can expect to hit $0.622 but that is if support of the Descending Pitchfork Median Line fails as support. I would keep an eye on whether or not both the LSMA and Bollinger Bands Middle Band Basis 20 Period SMA continues to be Support or become Resistance on this 1 day timeframe. I hope this post is helpful for your Trading or Hodl-ing.
BINANCE:ADAUSD
by TradingThroughTheLens
2
GBPUSD Long the Kumo BounceWe got a move straight to the top of the long term cloud and then a big retracement towards the top of the short term cloud. This also coincides with the neckline of the previously formed head and shoulders pattern. Places where multiple supports confluence are usualy very good areas to open a trade. I expect the price to go back up to the top of the orange cloud and put my stop loss right below the right shoulder of head and shoulder formation.
Long
by Honestcowboy
BTC\USDA quick BTC/USD update: At the moment, BTC is testing its crucial Descending Resistance Line of its Triangle Pattern as well as testing its crucial Resistance Area. Note that BTC has found resistance from this Descending Resistance Line 3 times previous and you can clearly see the interactions of the previous Daily Candles with this Resistance/Support area. Note that the APEX of the Triangle Pattern is located around the 23rd April 2022. At the moment of typing this, BTC is back above its Least Squares Moving Average (LSMA) as well as back above its Bollinger Bands Middle Band Basis 20 Period SMA on this 1 day timeframe. Note that BTC is back above its Volume Profile Visible Range Point of Control (VPVR POC) for this chart's visible range. At the Moment of typing this, BTC is still in the Bearish Zone of the Ichimoku Cloud. Note that Leading Span A (Senkou Span A) Resistance Line is located in the same spot as the Resistance Area that BTC is testing. Looking at the Trend-Based Fib Extension, we can see that the 0.236 level is also located at BTC’s crucial Resistance Area. Note that this is the first time since the 10th March that the daily Volume Bar has been above its Volume 20 Period MA. The Average Directional Index (ADX DI) is indicating a spike in Positive Momentum with the +DI (Green Line) rising to 22.04. Negative Momentum has dropped with the -DI (Red Line) dropping to 19.89. Note that the +DI (Green line) is now back above the -DI (Red Line) indicating Positive Momentum is stronger than Negative Momentum on this 1 day timeframe. Note that we have to be careful because the overall Trend Strength is still very weak with the ADX (Orange Line) at 15.39 way below the 20 Threshold (Black Dashed Line) and is still also below its 9 Period EMA (Black Line) which is at 17.64. Tonight’s daily candle close will be a very interesting one to watch. I hope this is helpful with your trading and hodl-ing.
BITSTAMP:BTCUSD
by TradingThroughTheLens
1
Short the Moving average + ichimoku.When I just opened the chart I saw a rapid decline from the Kijun-Sen and moving averages towards the bottom of the cloud. I expect price to move all the way to previous range low and put stop right above that range where the Kijun-Sen confluences with that line. Once I master this form of charting Ill start educating, my goal right now is to become a profitable trader first and not be a clown guru who does not even make money himself.
Short
by Honestcowboy
BTC worst case scenario forecastThis situation is very likely to play out on BTCUSDT pair. Looking at this doom triangle and all the uncertainty in the market this is most likely going to result in a crash after breakout. Some hope for holders: This setup is so clear and logical and I see alot of people post about it, now look at it from the perspective of the composite man/market maker. How will he make the most money? By doing exactly the opposite. Give the traders a triangle breakout to the downside so they load some more short positions. At the same time market maker will be filling long positions ready to crush all retail traders. Give them a false breakout and then rally towards all time high. This whole situation can be seen as an accumulation phase.
by Honestcowboy
BTC/USD ✡️ At the end of June 2021, I predicted the last correct BTC according to the prediction (time). Thereby creating an equilibrium with strong price in this area (29k-35k). 1️⃣ After creating the double top pattern, BTC reversed and the price is now responding to the previous balance area (32k). From the point of view of ichimoku BTC is currently on the cyclical timeframe completing the N wave pattern or we can understand it in the West as the ABCD pattern wave. Duplicate point of this wave model is gives us a reversal result at the end of the N wave or the D point (wave ABCD). 2️⃣However, it is necessary to save the most recent candlestick patterns in the present. We all gave us a “continuity SD (supply) view” at the 42k price area. Therefore, to have a clearer view we have to analyze the multi-frame time intraday chart (D1). 3️⃣ In the process BTC's horizontal range is moving in a small triangle like the trendline in the picture. 𝑲𝒆̂́𝒕 𝒍𝒖𝒂̣̂𝒏: The main scenario will be ichimoku's first wave island. However, the component condition depends on the order when the line breaks the small triangle in chart D1. 𝑳𝒖̛𝒖 𝒚́: The document will be canceled when the valuation line through the equilibrium point is created before the 32k area.
Long
by Shin_ichimoku
Three peaks at resistance pointI have been watching this pair very closely today as it broke the very long term trendline (purple) and I am expecting it to move back down to the bottom purple line of channel in due time. Distance from Kijun is also very high and a retracement has to happen naturally. Possibility is to wait for more clear trend direction change and use a bigger stop loss instead of guessing top with red trend line as I do here. You can target much lower than this take profit and increase risk to reward but probability of trade finishing will be much lower. Trend lines when zoomed out:
Short
by Honestcowboy
Tension building up for BTC, how to move forward.We have seen huge swings lately and BTC has been ranging for the past weeks. The range has been long enough that it now is entering a phase where we can get a squeeze inside a trend line triangle. My expectation is that BTC will break out to the upside to enter Kumo Cloud, I estimate that because BTC has been pushing against it and not respecting the resistance alot. When it does break out and stay in the kumo for a couple of days my execution would be to put a limit order at the Kumo Cloud bottom which now will have become support. I expect BTC to test the top of the cloud in the future espacialy as it also is an area of resistance based on past price action. If the market starts to go bearish this thesis is no longer valid and that is wy stop loss would be at the level where I think we confirm market is going bearish. In a bearish situation I will not open any position at all as we are in a very discounted area for BTC and if we can learn one thing from the past it is that BTC has made it's most respectable increases in value after a period of consolidation -50% below it's ATH at that time. The Ichimoku on this chart has settings: 20,60,120,30. This is because I see many people use this setting on crypto. This setting is good because with crypto being very volatile a longer length Ichimoku can help in having a clear view on the market while standard ichimoku does clutter the chart in the crypto space. However, it is good as an ichimoku trader to consult both the standard and the edited version.
by Honestcowboy