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VeChain 1d chart - still on Low VolumeVeChain Update: VeChain is still in its massive Symmetrical Triangle Pattern as indicated by the converging ascending and descending dotted trend-lines. At the moment, VeChain is trying to stay above its Bollinger Bands Middle Band Basis 20 Period SMA. VeChain need to close this daily candle above the BB Basis. Note that Lower Band is moving upwards and the Upper band is moving sideways. VeChain is still below its least Squares Moving Average (LSMA) for this 1d timeframe. If you are waiting to go long using this indicator then wait until a daily candle closes back above the LSMA level. Note that VeChain is still in the Bearish Zone of the Ichimoku Cloud. At the moment, VeChain is above its Volume Profile Fixed Range Point of Control (VPFR POC) for the Fixed Range of 6x daily candles that i have selected. At the moment, VeChain is below its Volume Profile Visible Range Point of Control (VPVR POC) for this charts Visible Range. Note Volume is still very ow on this Binance 1d chart, and note that the last 6x daily Volume Bars have been way below its Volume 20 period MA. We need to see rises on increasing volume for any upwards momentum to be sustained. I have added some key support and resistance areas indicated by the Black Horizontal Parallel Lines with Orange Shading. I have also added some key support and resistance lines and indicated by the various dashed, solid and dotted lines. If we look at the Average Directional Index (ADX DI) we can see that Negative Momentum has dropped with the -DI (Red Line) dropping to 19.45. Positive Momentum has also dropped with the +DI (Green Line) dropping to 16.09. Note that the Trend Strength has weakened with the ADX (Orange Line) dropping to 25.24 and is still below its 9 Period EMA (Black Line) which is at 30.19. For any upwards momentum to be sustained, we need the ADX (Orange Line) to stay above the 20 Threshold (Black Dashed Line) and we 100% need the +DI (Green Line) to cross back above the -DI (Red Line) on this 1d timeframe. If we take a look at the Stochastic Indicator (STOCH) we can see that momentum is downwards at the moment. Note that the %K (Blue Line) is fighting to stay above its %D (Orange Line). The %K (Blue Line) needs to stay above the %D (Orange Line) for continued upwards momentum. If the %K (Blue Line) drops and stays below the %D (Orange Line) then we will see further drops on this 1d timeframe. Here is a wider look at this 1d chart, you can clearly see the difference in Volume that VeChain has now compared to what VeChain has experienced in the past. At the moment Volume is very, very low. So what does all this mean to me? I would be very suspicious of any rise happening on really low volume. For me, I wouldn’t get excited by any rise unless its on increasing Volume. As always, we need to keep an eye on what BTC is doing as Bitcoin is still in a H&S Pattern. Be on the lookout for a successful break above the LSMA indicator level and any successful re-test as support as well as the +DI (Green Line) crossing back above the -DI (Red Line) on the ADX DI indicator on this 1d timeframe. I hope you’ve found it helpful with your trading and hodl-ing.
BINANCE:VETUSD
by TradingThroughTheLens
1
VeChain - 1d chart updateVeChain is still within its Massive Symmetrical Triangle on this 1d timeframe. VeChain is back above its Bollinger Bands Middle Band Basis 20 Period SMA for this 1d timeframe. Note that the Upper and Lower Bands are still pinching inwards so that means the Bollinger Bands have a lot of room to expand before becoming over extended. Note that VeChain is still above its Least Squares Moving Average (LSMA) for this 1d timeframe. VeChain is still in the Bearish Zone of the Ichimoku Cloud for this 1d timeframe. VeChain still has a mountain to climb before it can attempt to get back into the Equilibrium Zone and then back into the Bullish Zone. At the moment, VeChain is above its VPFR POC for the Fixed Range of 11x daily candles that i have selected. A very good sign will be if VeChain closes this daily candle above this VPFR POC. At the moment, VeChain is above its VPVR POC for this charts Visible Range. A very good sign will be if VeChain closes this daily candle above this VPVR POC. Volume is still low on this Binance Chart, but note that yesterday’s 1d Volume Bar closed above its Volume 20 Period MA. If we look at the Moving Average Convergence Divergence (MACD) we can see that the MACD Line (Blue Line) is indicating momentum is upwards and note that it is still above its Signal Line (Orange Line). The MACD Line (Blue Line) is still under the 0.0 Base Line in the Negative Zone, be on the lookout for when the MACD Line (Blue Line) crosses back above the 0.0 Base Line into the Positive Zone on this 1d timeframe. If we look at the Average Directional Index (ADX DI) we can see that the Trend Strength has dropped slightly with the ADX (Orange Line) dropping to 43.05 and dropping below its 9 Period EMA (Black Line) which is at 44.21. Note that the -DI (Red Line) has dropped to 22.52 indicating Negative Momentum has dropped. Note that the +DI (Green Line) is slightly sideways at the moment at 13.49. Be on the lookout for when the +DI (Green Line) crosses back above the -DI (Red Line) as this will indicate that Positive Momentum has become DOMINANT over Negative Momentum on this 1d timeframe. Here is a wider look at this 1d chart: I have added 2 areas of interest on this chart indicated by the Horizontal Parallel Black Lines with Yellow Shading. The bottom area is our major support area that VeChain must keep closing above. The top area is the next major area of resistance that VeChain must break back above and more importantly CLOSE a daily candle above this area of resistance. Keep an eye out for any successful re-test a support if there is a breakout. I hope this is helpful with your trading and hodl-ing.
BINANCE:VETUSD
by TradingThroughTheLens
2
ADA - another 1d chart updateAt the moment, ADA is back above its Bollinger Bands Middle,Band Basis 20 Period SMA on this 1d timeframe. ADA needs to close this daily candle above the BB Middle Band Basis. Note that it looks like the Upper and Lower Bands may start pinching inwards if a significant new high or low cannot be achieved. ADA has found some resistance from its Least Squares Moving Average (LSMA) on this 1d timeframe. Note that the LSMA is currently at the Horizontal Resistance Line (Dotted Line) at $1.382. Note that ADA is still in the Bearish Zone of the Ichimoku Cloud. ADA is still below its Volume Profile Fixed Range Point of Control (VPFR POC) for the Fixed Range of 8x 1d candles that i have selected. At the moment, ADA is fighting to stay above its Volume Profile Visible Range (VPVR POC) for this charts visible Range. A daily close above this level is crucial for continued upwards momentum. Note that the last 3 Volume Bars closed above its Volume 20 Period MA. I have added some key Resistance and Support Areas indicated by the Horizontal Parallel Black Line with Yellow Shading. If we take a look at the Moving Average Convergence Divergence (MACD) we can see that the MACD Line (Blue Line) is still in the Negative Zone under the 0.0 Base Line and is indicating momentum is sideways at the moment. Note that the MACD Line (Blue Line) is still above its Signal Line (Orange Line) for this 1d timeframe. Note that the MACD Line (Blue Line) has not been in the Positive Zone above the 0.0 Base Line since the 17th Sept 2021. Looking at the Stochastic Indicator (STOCH) we can see that momentum at the moment is upwards, we may see more upwards momentum on this 1d timeframe if the %K (Blue Line) successfully crosses back above the %D (Orange Line) and stays above it. If we take a look at the Average Directional Index (ADX DI) its looking scary as the +DI (Green Line) is at 18.301 and has crossed back under the -DI (Red Line) which is at 18.401 indicating that Negative Momentum has overtaken Positive Momentum on this 1d timeframe. We 100% need the +DI (Green Line) to cross back above the -DI (Red Line) on this 1d timeframe. Note that the Trend Strength has dropped with the ADX (Orange Line) at 24.445 and it is below its 9 Period EMA (Black Line) which is at 30.164 further indicating the Trend Strength is indeed becoming weak. At the moment, from my perspective it’s looking like SIDEWAYS within a range at best or DOWNWARDS at worst for ADA. Be on the lookout for any successful close above the BB Middle Basis and successfully re-test as support on this 1d timeframe. As always, we need to keep an eye on what BTC is doing because BTC is in a H&S Pattern. If BTC drops below and more importantly CLOSES below the Neckline of the H&S Pattern then that will effect all alts including ADA in a negative way. I hope you have found this ADA analysis post helpful with your Trading and Hodl-ing. Notes: LSMA = Black Squiggly line on Chart Bollinger Bands = Grey Bands on Chart Resistance and Support Areas = Horizontal Parallel Black Lines with Yellow Shading on Chart Volume Bars = Bars Bottom of Chart Volume 20 MA = Orange Line going through Volume Bars on Chart Ichimoku Cloud = Red and Green Cloud on Chart VPFR POC = Short Horizontal Blue Line on Chart VPVR POC = Long Horizontal Blue Line on Chart
BINANCE:ADAUSD
by TradingThroughTheLens
8
Weekly Analysis BTC via Ichimoku by TheSocialCryptoClubGood weekend everyone, The Crypto Frog uses its Ichimoku Analysis Process with its toolset by looking at a glance at the BINANCE:BTCUSDT Daily chart using the “Crypto Market Settings” for the indicator as 10-30-60-30: Macro Trend Analysis using Kumo : Tendency: The downtrend of BTC continues as confirmed by Kumo which changed its trend 23 days ago. As confirmed by Senkou Span B, Senkou Span A and price we are a sideways moment. Medium term continues to be downtrend as confirmed by Kijun, Chioku. Short term there is an uptrend desire given by a daily candle that overcame the Kijun weekly and closed on the Kijun Daily, after overcoming the Tenkan daily. Now there is a further retracement where the Tenkan is acting as a price support. Price: The price is under the red Kumo and Chikou is under the price. Supports and Resistances in the area : 75000.00 by Fibonacci 67000.00 by Historical Maximum (too much precise) 66001.41 by All-time-high Chikou 58000.00 strong price structure by flat lines 53800.00-54000 strong price structure by flat lines 48900 Kijun Weekly 48900 Kijun Weekly 45150 from Ichimoku Flat areas/Chikou Cusps For the various static price structures it is possible to refer to the chart where the structures identified by the flat moments of Tenkan, Kijun, Senkou Span A and Senkou Span B on different timeframes are plotted, also Chikou price for the Current timeframe. Moreover, let us remember that the various lines of the Ichimoku serve as price structures: the Tenkan Sen (short term), the Kijun Sen (medium term) as well as the Senkou Span A and Senkou Span B (long term). Heikin-Ashi: The Heikih-Ashi confirms the uptrend desire with some red candles without shadows on the bottom. Fibonacci CryptoFall, which identifies Fibonacci levels, still shows us a positive sentiment and places the 0 upwards on 75000. The price is testing the 0.5 level, after the bounce on 0.618. Conclusions The price is now showing a potential recovery as it is surpassing the Kinjun Weekly and Tenkan Daily, a closure between these levels can help to find the point C we’re looking for. Maximum caution is needed with the confirmation of Daily, Weekly closure and confirmation. It is important to evaluate the closing of the week on the following price structures: Bullish 51800-52600 Sideways 49100 Bearish 45100-46100 It will be interesting to consider as a new point C the low of December 4th in the potential rebound using as A the low of September 21st and as B the all-time-high of December 10th. It can form at a good buy signal even if it can be already activated for some traders. For the Bitcoin Dominance and Altcoin Cycle we can consider the Weekly momentum: - Total Crypto Market Cap: Increased - Dominance of BTC: Decreased - Price of BTC: Increased - Alt Cycle Expectation: Increase Thanks for your attention, happy to support the TradingView community.
by TheSocialCryptoClub
5
BTC - 4hr chart updateBTC is still below its Descending Trend-line. BTC needs to break back above and more importantly CLOSE back above the Descending Trend-line before any long term recovery to the upside becomes concrete. BTC is back above its Bollinger Bands Middle Band Basis 20 Period SMA. BTC has dropped back under its Upper Bollinger Band which is expected after a large rise and expansion of the Upper and Lower Bands, so we may see some consolidation sideways within a range before the next big move. At the moment, BTC is back above its Least Squares Moving Average (LSMA) for this 4hr timeframe. A candle close above the LSMA is considered a buy signal for this indicator. At the moment, BTC is in the Equilibrium Zone of the Ichimoku Cloud using the 20,60,120,30 settings. Note that BTC has found some support near its Ichimoku cloud Leading Span A (Senkou Span A) support level. At the moment of typing this, BTC is below its Volume Profile Fixed Range Point of Control (VPFR POC) for the fixed range of 8x 4hr candles that i have selected. BTC needs to close a 4hr candle above this level. Note that BTC is also still below its Volume Profile Visible Range Point of Control (VPVR POC) for this charts Visible Range. Note that the last 8x 4hr Volume Bars have been above its Volume 20 Period MA. If we look at the Moving Average Convergence Divergence (MACD) we can see that the MACD Line (Blue Line) has crossed back over and above the Signal Line (Orange Line) which is a buy signal. Note that the MACD Line (Blue Line) has also crossed back above the 0.0 Basle Line and is now in the Positive Zone for this 4hr timeframe. Note that the MACD Line (Blue Line) is the highest it has been in the Positive Zone since the 1st Dec 2021. If we look at the Average Directional Index (ADX DI) we can see that Positive Momentum has dropped slightly on this 4hr timeframe with the +DI (Green Line) dropping to 25.97. Negative Momentum has also dropped with the -DI (Red Line) dropping to 13.99. Note that the Trend Strength is still slightly weak with the ADX (Orange Line) at 19.65 and still under the 0.0 Threshold. Note however that the ADX (Orange Line) is above its 9 Period EMA (Black Line) 18.58. The +DI (Green Line) need to stay ABOVE the -DI (Red Line) on this 4hr timeframe for any long term recovery to the upside to last. If BTC can eventually make it back above and more importantly CLOSE back above the Descending Trend-line then BTC will possibly rise to about $53,360 where it will find its next major resistance. The next major resistance after that will be the VPVR POC around $57,175. If BTC cannot close back above the Descending Trend-line then BTC will eventually make its way to its major support level between $45,820 - $45,409. If that Major Support Area fails then BTC will drop back to around $41,900. If BTC does turn downwards, then the LSMA and the Bollinger Bands Middle Band Basis will be crucial support levels on this 4hr timeframe. Here is a closer look at this 4hr chart. I hope this post is helpful with your trading and hodl-ing. Notes: LSMA = Black Squiggly Line on chart Bollinger Bands = Grey Bands on chart Ichimoku Cloud = Green and Red Cloud pattern on chart VPVR POC = Long Horizontal Red Dotted Lines on chart VPFR POC = Short Horizontal Red Dotted Lines on chart Descending Trend-line = Descending Black Line on chart Resistance and Support Lines = Descending and Ascending Dotted Lines on chart Major Support Area = Bottom Horizontal Parallel Lines with Yellow Shading on chart Possible Next Resistance Area = Top Horizontal Parallel Lines with Yellow Shading on chart
BITSTAMP:BTCUSD
by TradingThroughTheLens
4
ADA - quick 1d chart updateADA is trying to close a daily candle back above its Falling Wedge Pattern. If ADA manages to close today's candle above the Falling Wedge Pattern then its next resistance will be found at around the $1.415 - $1.451 resistance area. ADA is back above its Bollinger Bands Middle Band Basis 20 Period SMA for this 1d timeframe and has successfully re-tested it as support. Note that the Upper and lower bands have a lot of room to expand before becoming over extended on this 1d timeframe. Note that ADA is still above its Least Squares Moving Average (LSMA) on this 1d timframe. Note that ADA is still deep in the Bearish Zone of the Ichimoku Cloud and has a long way to go before it attempts to enter the Equilibrium Zone and then back into the Bullish Zone on this 1d timeframe. Note that ADA is above its VPFR POC for the fixed range of 7x Daily Candles that i have selected. Note that ADA still has a long way to go before it closes above its VPVR POC for this charts Visible Range. Note that Volume is still low on this Binance Chart but yesterdays Volume Bar did close slightly above its Volume 20 Period MA. Looking at the Moving Average Convergence Divergence (MACD), we can see that the MACD Line (Blue Line) is indicating momentum is upwards at the moment and note that it has been above the Signal Line (Orange Line) since the 15th Dec. The MACD Line (Blue Line) is still in the Negative Zone under the 0.0 Base Line so be on the when the MACD Line (Blue Line) crosses back above the 0.0 Base Line into the Positive Zone on this 1d timeframe. Note that the MACD Line (Blue Line) has not been in the Positive Zone sine 17th Sept 2021 on this 1d timeframe. Be on the lookout for any successful re-test as support of the Upper Descending Trend-line of the Falling Wedge Pattern. I hope this is helpful with your trading and hodl-ing.
BINANCE:ADAUSD
by TradingThroughTheLens
Weekly Analysis BTC via Ichimoku by TheSocialCryptoClubGood weekend everyone, The Crypto Frog uses its Ichimoku Analysis Process with its toolset by looking at a glance at the BINANCE:BTCUSDT Daily chart using the “Crypto Market Settings” for the indicator as 10-30-60-30: Macro Trend Analysis using Kumo : Tendency: The downtrend of BTC continues as confirmed by Kumo which changed its trend 23 days ago. Despite everything mid-long term the daily is sideways as indicated by the Senkou Span B and the Senkou Span A and the Kijun. The medium and short term trend is instead in downtrend (apart from some green candles) and is recovering on the Kijun Weekly and the Tenkan Daily. Price: The price is under the red Kumo and Chikou is under the price. Supports and Resistances in the area : 75000.00 by Fibonacci 67000.00 by Historical Maximum (too much precise) 66001.41 by All-time-high Chikou 58000.00 strong price structure by flat lines 53800.00-54000 strong price structure by flat lines 48900 Kijun Weekly 48900 Kijun Weekly 45150 from Ichimoku Flat areas/Chikou Cusps For the various static price structures it is possible to refer to the chart where the structures identified by the flat moments of Tenkan, Kijun, Senkou Span A and Senkou Span B on different timeframes are plotted, also Chikou price for the Current timeframe. Moreover, let us remember that the various lines of the Ichimoku serve as price structures: the Tenkan Sen (short term), the Kijun Sen (medium term) as well as the Senkou Span A and Senkou Span B (long term). Heikin-Ashi: The Heikih-Ashi confirms that Tenkan is acting as a price structure and it is lagging about the potential uptrend, so this is still weak. Fibonacci CryptoFall, which identifies Fibonacci levels, still shows us a positive sentiment and places the 0 upwards on 75000. The price is testing the 0.5 level, after the bounce on 0.618. Conclusions The price is now showing a potential recovery as it is surpassing the Kinjun Weekly and Tenkan Daily, a closure between these levels can help to find the point C we’re looking for. Maximum caution is needed with the confirmation of Daily, Weekly closure and confirmation. It is important to evaluate the closing of the week on the following price structures: Bullish 48900 Bearish 45100 It will be interesting to consider as a new point C the low of December 4th in the potential rebound using as A the low of September 21st and as B the all-time-high of December 10th. For the Bitcoin Dominance and Altcoin Cycle we can consider the Weekly momentum: - Total Crypto Market Cap: Decreased - Dominance of BTC: Decreased - Price of BTC: Decreased - Alt Cycle Expectation: Stable Thanks for your attention, happy to support the TradingView community.
by TheSocialCryptoClub
6
ADA - The BB Middle Band Basis is a crucial level on the dailyADA is still below its Bollinger Bands Middle Band Basis 20 Period SMA on this 1d timeframe. Note that ADA has not closed a daily candle above the BB Middle Band Basis since 13th Nov 2021. ADA needs to 100% CLOSE a daily candle back ABOVE its BB Middle Band Basis and successful retest as support for any recovery to look promising. ADA has found some support from its Least Squares Moving Average (LSMA) level. Note that a daily close below the LSMA will be a potential sell signal for this 1d timeframe. Using the 20,60,120,30 settings we can see that ADA is still well within the Bearish Zone of the Ichimoku Cloud and has a long way to go before it can attempt to get back in the Equilibrium Zone. ADA is in a Falling Wedge Pattern on this 1d timeframe. This Falling Wedge Pattern is potentially BULLISH as it’s developed after the previous uptrend so it could be a Bullish Continuation. The Dashed Black line is a major support and ADA has bounced off it as support 3 times over the last 7 Months. A daily close BELOW this level will be a sign that we may see further downwards momentum on this 1d timeframe. Note that ADA is below its VPFR POC for the fixed range of 13 daily candles that i have selected. Note that ADA is also still way below its VPVR POC for this charts visible range. Note that Volume is still low on this 1d Binance chart and the last 9 Daily Volume Bars have been below its Volume 20 Period Moving Average. If we look at the Moving Average Convergence Divergence (MACD) we can see that the MACD Line (Blue Line) is still in the Negative Zone under the 0.0 Basel Line on this 1d timeframe. Note that the MACD Line (Blue Line) is still above the Signal Line (Orange Line). If the MACD Line (Blue Line) crosses below the Signal Line (Orange Line) then that will be a sell signal on this 1d timeframe. Note that the MACD Line (Blue Line) has not be in the Positive Zone above the 0.0 Base Line since 17th Sept 2021. If we take a quick look at the Stochastic (STOCH) we can see that the %K Line (Blue Line) is under the %D Line (Orange Line) and at the moment is also starting to slope slightly upwards and is out of the OVERSOLD ZONE of the STOCH indicator but note that it is a fast reacting indicator. Be on the look out for if/when the %K Line (Blue Line) crosses back ABOVE the %D Line (Orange Line). ADA needs to stay ABOVE the LSMA and ADA especially needs to stay above the Dashed Black Line which is a major support line. If ADA cannot CLOSE back ABOVE the BB Middle Band Basis on this 1d timeframe then ADA will continue to go downwards over time. This goes the same for BTC, the BB Middle Band Basis is a very crucial level to keep an eye on. I hope this is helpful with your Trading and Hodl-ing. Notes: Falling Wedge Pattern = Descending Converging Black Lines on Chart Major Support Line = Ascending Dashed Black Line on Chart LSMA = Black Squiggly line on Chart Bollinger Bands = Grey Bands on Chart Ichimoku Cloud = Red and Green Cloud on Chart VPFR POC = Short Horizontal Red Line on Chart VPVR POC = Long Horizontal Red Line on Chart Volume Bars = Bars Bottom of Chart Volume 20 MA = Orange Line going through Volume Bars on Chart
BINANCE:ADAUSD
by TradingThroughTheLens
4
VTHO - quick 1d chart updateNote that VTHO is in a Descending Channel on this 1d timeframe. VTHO is also potentially in a Symmetrical Triangle pattern. VTHO is still below its Bollinger Bands Middle Band Basis 20 Period SMA for this 1d timeframe. Note that we may see the Lower Bollinger Band start to curve inwards if upwards momentum continues. VTHO is back above and has closed yesterday’s daily candle above its Least Squares Moving Average (LSMA) for this 1d timeframe. A close above the LSMA is a buy signal for traders who use this indicator. VTHO is still below its VPFR POC for this chart’s fixed range of 10 daily candles that i have selected. Be on the look out when/if VTHO closes successfully a daily candle above the VPFR POC. VTHO is still under its VPVR POC for this chart’s visible range. Volume is still relatively low on this Binance Chart and note that the last 5 daily Volume Bars have been below its Volume 20 period MA. Note that VTHO is still in the Bearish Zone of the Ichimoku Cloud using the 20,60,120,30 settings. For the longterm, we need VTHO to keep heading upwards towards the Ichimoku Cloud Equilibrium Zone on this 1d timeframe. Looking at the Moving Average Convergence Divergence (MACD) we can see that the MACD Line (Blue Line) is curving upwards and looks like it may cross back over the Signal Line (Orange Line) which would be a buy signal of varying degree because the MACD Lien (Blue Line) is still under the 0.0 Base Line in the Negative Zone on this 1d timeframe. Note that we have not had a MACD Green Histogram since 11th Nov 2021. So long as VTHO stays above the LSMA, be on the look for a daily candle close back above the Bollinger Bands Middle Band Basis 20 Period SMA and successful retest as support. Also be on the look out for when/if the MACD Line (Blue Line) crosses back above the Signal Line (Orange Line) on this 1d timeframe creating a potential buy signal for traders who use the MACD indicator. I hope this is helpful with your trading and hodl-ing. Notes: Symmetrical Triangle = Ascending & Descending Converging Black Lines on Chart Descending Channel = Descending Parallel Black Lines on Chart LSMA = Black Squiggly line on Chart Bollinger Bands = Grey Bands on Chart Volume Bars = Bars Bottom of Chart Volume 20 MA = Orange Line going through Volume Bars on Chart Ichimoku Cloud = Red and Green Cloud on Chart VPFR POC = Short Horizontal Red Line on Chart VPVR POC = Long Horizontal Red Line on Chart
by TradingThroughTheLens
BTC - Let's see where and how this daily candle closesA quick look at BTC/USD using the Ichimoku Cloud with the 20,60,120,30 settings as well as the Bollinger Bands and MACD Indicator. The Ichimoku Cloud Conversion Line (Tenkan Sen) is indicating that the Short-Term Momentum is sideways at the moment. The Ichimoku Cloud Base Line (Kijun Sen) is indicating that the Mid-Term Momentum is sideways at the moment. The Ichimoku Cloud Lagging Span (Chikou Span) is indicating Momentum is upwards at the moment. Note that the Lagging Span (Chikou Span) is still under the price from 30 Periods ago. At the moment BTC is fighting to stay in the Equilibrium Zone of the Ichimoku Cloud. Note that you can clearly see that BTC has found some resistance from the Ichimoku Cloud Leading Span A (Senkou Span A) level. We need this daily candle to close above the Ichimoku Cloud Leading Span B (Senkou Span B) level and stay in the Ichimoku Cloud Equilibrium Zone on this 1d timeframe. BTC is still below its Bollinger Bands Middle Band Basis 20 Period SMA. Note that the Upper and Lower Bollinger Bands are contracting inwards indicating momentum has slowed on this 1d timeframe. Note that BTC has been below its Bollinger Band Basis for almost 30 days. If you are still uncertain whether to buy in or not then a close back above the BB Basis and successful re-test as support will be a good sign of continued upwards trajectory. If we take a quick look at the Moving Average Convergence Divergence (MACD) we can see that the MACD Line (Blue Line) is still under the 0.0 Base Line in the Negative Zone. Note that the MACD Line (Blue Line) is curving upwards so we may eventually see the MACD Line (Blue Line) cross back above the Signal Line (Orange Line) which is a buy signal for traders who use this indicator on this 1d timeframe. It'll be interesting to see where and how this daily candle closes. I hope this is helpful with your trading and hodl-ing.
BITSTAMP:BTCUSD
by TradingThroughTheLens
4
💡Don't miss the great Sell opportunity in BTCUSDHello dear traders We are in a downward trend from bitcoin. I think the decline will continue. Make sure that the channel I drew is broken to enter the transaction, then enter the transaction. If that channel is not broken, then the analysis has failed and you should think about buying. I also included daily analysis. I think we should think more about selling than buying. Be sure to stick to the extent of your loss. 🙏If you have an idea that helps me provide a better analysis, I will be happy to write in the comments🙏 ❤️Please, support this idea with a like and comment!❤️
BITSTAMP:BTCUSDShort
by hamidreza_FX
21
Weekly Analysis BTC via Ichimoku by TheSocialCryptoClubGood weekend everyone, The Crypto Frog uses its Ichimoku Analysis Process with its toolset by looking at a glance at the BINANCE:BTCUSDT Daily chart using the “Crypto Market Settings” for the indicator as 10-30-60-30: Macro Trend Analysis using Kumo : Tendency: Bitcoin is right now in Downtrend as confirmed by the Kumo Twist 9 days ago. The price is always on the support indicated by the Kijun Weekly and the Tenkan Daily that it just broke through. The rest of the medium/long term indicator signals indicate a Downtrend with a sideways bias. Price: The price is under the red Kumo and Chikou is under the price. Supports and Resistances in the area : 75000.00 by Fibonacci 67000.00 by Historical Maximum (too much precise) 66001.41 by All-time-high Chikou 58000.00 strong price structure by flat lines 53800.00-54000 strong price structure by flat lines 48900 Kijun Weekly For the various static price structures it is possible to refer to the chart where the structures identified by the flat moments of Tenkan, Kijun, Senkou Span A and Senkou Span B on different timeframes are plotted, also Chikou price for the Current timeframe. Moreover, let us remember that the various lines of the Ichimoku serve as price structures: the Tenkan Sen (short term), the Kijun Sen (medium term) as well as the Senkou Span A and Senkou Span B (long term). Heikin-Ashi: The Heikih-Ashi confirms shows a potential uptrend with the first green candle with no shadow above. Fibonacci CryptoFall, which identifies Fibonacci levels, still shows us a positive sentiment and places the 0 upwards on 75000. The price is testing the 0.5 level, after the bounce on 0.618. Conclusions The price is now showing a potential recovery as it is surpassing the Kinjun Weekly and Tenkan Daily, a closure between these levels can help to find the point C we’re looking for. Maximum caution is needed with the confirmation of Daily, Weekly closure and confirmation. It is important to evaluate the closing of the week on the following price structures: Bullish 52500 Bearish 46600 It will be interesting to consider as a new point C the low of December 4th in the potential rebound using as A the low of September 21st and as B the all-time-high of December 10th. For altcoins we can consider: - Total Crypto Market Cap: started to increase - Dominance of BTC: increasing - Dominance of stable coin: decreasing a lot - Dominance of altcoins increasing and ETH: decreasing So, there are good opportunities to accumulate stronger Alt and take some BTC waiting for the pullback, even if as anticipated in the past week a dump happened, after the confirmation of this status for the weekly close. Thanks for your attention, happy to support the TradingView community.
by TheSocialCryptoClub
2