Ichimokukinkohyo
BTCUSD 01.12BTCUSD, dead in the water. Stuck between its TS and KS. I see two scenarios :
1) The price break the DLY KS which would be a signal that the uptrend is resuming
2) We break the Cloud below, meaning the correction is not over and the target zone highlighted in my previous BTC analysis is still valid.
On the H4 chart the price is stuck between the Cloud and its TS.
Noting to do but wait for the moment. Patience is key.
Glossary :
WLY = Weekly
DLY = Daily
TS = Tenkan Sen
KS = Kijun Sen
LS = Lagging Span/Chikou Span
TL = Trend Line
TP = Take Profit
SL/ INV = Stop Loss / Invalidation level
TF = Timeframe
Kumo = Cloud, Cloud = Kumo
** THIS ANALYSIS IS MY OWN OPINION AND IS NOT A TRADING OR INVESTMENT ADVICE. ALWAYS TRADE WITH CARE **
EURNZD 30.11Pretty much the same configuration as with my analysis on the EURAUD. The price was rejected 3 times by the WLY KS and only a break of the Cloud + LS crossing it would confirm a reverse of the trend on that TF.
Glossary :
WLY = Weekly
DLY = Daily
TS = Tenkan Sen
KS = Kijun Sen
LS = Lagging Span/Chikou Span
TL = Trend Line
TP = Take Profit
SL/INV = Stop Loss / Invalidation level
TF = Timeframe
Kumo = Cloud, Cloud = Kumo
** THIS ANALYSIS IS MY OWN OPINION AND IS NOT A TRADING OR INVESTMENT ADVICE. ALWAYS TRADE WITH CARE **
EURAUD 30.11The WLY KS rejected the price 3 times over... The LS also bounced from the same WLY KS. Again, only with ICH you get that PRECISE!
Crossing over the Cloud could give a bullish signal, but mind the LS that would need to crossover as well and mind the WLY SSB that I marked with the black dotted line on this TF.
Glossary :
WLY = Weekly
DLY = Daily
TS = Tenkan Sen
KS = Kijun Sen
LS = Lagging Span/Chikou Span
TL = Trend Line
TP = Take Profit
SL/INV = Stop Loss / Invalidation level
TF = Timeframe
Kumo = Cloud, Cloud = Kumo
** THIS ANALYSIS IS MY OWN OPINION AND IS NOT A TRADING OR INVESTMENT ADVICE. ALWAYS TRADE WITH CARE **
USDJPY 30.11USDJPY is on the support level of the DLY KS in extension (blue dotted line). Breaking that level will give us a potential first TP level @ 112.137.
The next level of support is the DLY SSB. Again, breaking that level (+confirmation) might drive the price further down.
Glossary :
WLY = Weekly
DLY = Daily
TS = Tenkan Sen
KS = Kijun Sen
LS = Lagging Span/Chikou Span
TL = Trend Line
Kumo = Cloud, Cloud = Kumo
** THIS ANALYSIS IS MY OWN OPINION AND IS NOT A TRADING OR INVESTMENT ADVICE. ALWAYS TRADE WITH CARE **
EURUSD 30.11On the DLY chart, the price may retrace back to its KS.
On this H4 chart, the price stopped exactly at the H4 KS level above the H4 Cloud (only with ICHI you can have that level of precision). The price tested the Kumo break and seems to be willing to go further. The LS is still in the Cloud so we are still in retracement strategy rather than a change of trend on this TF.
Possible TP is the DLY KS level.
Glossary :
WLY = Weekly
DLY = Daily
TS = Tenkan Sen
KS = Kijun Sen
LS = Lagging Span/Chikou Span
TL = Trend Line
TP = Take Profit
SL/INV = Stop Loss / Invalidation level
TF = Timeframe
Kumo = Cloud
** THIS ANALYSIS IS MY OWN OPINION AND IS NOT A TRADING OR INVESTMENT ADVICE. ALWAYS TRADE WITH CARE **
GOLDUSD 29.11The price is still completely neutral for the moment. The price is working its WLY KS and is stuck between the TL and the said WLY KS for the pas 3 days.
The thin Cloud which is always a risk in a sense that the price can cross it very quickly. As a reminder, crossing the Cloud in that timeframe will mean that Gold will have reversed and entered in a medium term downtrend.
Glossary :
WKY = Weekly
DLY = Daily
TS = Tenkan Sen
KS = Kijun Sen
TL = Trend Line
Kumo = Cloud, Cloud = Kumo
** THIS ANALYSIS IS MY OWN OPINION AND IS NOT A TRADING OR INVESTMENT ADVICE. ALWAYS TRADE WITH CARE **
ETHUSD 28.11 Short term correction and long term still bullish?ETHUSD is testing its daily Cloud.
On the Daily TF :
1) The price is testing its SSA on the top of the Cloud.
2) I've market 2 resistance levels that are the Tenkan Sen levels that the price will have to breakout to signal a resuming of the uptrend.
3) Breaking those levels will most likely attract the prices to the daily Kijun Sen level.
4) On the contrary, breaking the the DLY Kijun Sen level and with the validation of the Lagging Span, the price will most likely keep correcting down the Kumo and I have market all potential TP levels for that scenario.
On the Weekly TF :
1) The trend is still bullish and as per Ichimoku, we are in a minor correction as the Tenkan Sen of the WLY TF is still holding the price and not given any alert of deeper correction as per Ichimoku principles.
BTCUSD 28.11 - Short term downtrend?BTCUSD is at a critical level as per Ichimoku analysis.
On the Daily TF :
1) On the DLY chart we see that the price reached the SSB.
2) Breaking that level will open the way for a correction to the TP zones I have marked which correspond to a confluence of Weekly (KS) and Daily levels.
On Weekly TF :
1) The price is testing its Tenkan Sen and on that TF we clearly see the Daily SSB level as well market by the black line.
2) Still on the WLY TF, we have now 2 red candles, and technically a correction often happens within 3 candles. So here, we miss the 3rd one which may happen next week.
Bottom line is : On the break of the DLY SSB, the probability to correct to the WLY KS is very present.
However, on the long term, the trend is still bullish as the price are still above the Kumo on the WLY TF. Only a break of the WLY Kumo on the downside will signify a change of the trend direction, which we are still very far from.
EURJPY breaking Daily support, continuously bearishComment:
EURJPY breaking Daily support level and continuously downtrending by Ichimoku.
Ichimoku Trend Analysis:
- Kumo (Senko span A and B) down
- Kijun sen down
- Tenkan sen down
- Chiko span below candles
Next Scenario:
Market is breaking the Daily support level of 127.92 and showing continuous downtrend. Next target is at 126.085.
EURCHF continuously downtrend by IchimokuComment:
EURCHF Weekly and Daily timeframes show downtrend by Ichimoku.
Ichimoku Trend Analysis (Daily timeframe):
- Kumo (Senko span A and B) down
- Kijun sen down
- Tenkan sen down
- Chiko span below candles
Next Scenario:
Market has been resisted by Tenkan sen and down since 17 Sept. As long as market is below Tenkan sen, continuously look for a selling edge. Ultimate target is 1.0232 level.
💡Don't miss the great Sell opportunity in BTCUSDHi dear traders
For now, you need to think about selling bitcoin 😊
Do you want to know what will happen to Bitcoin in the coming hours !?😉 See my analysis and take advantage of it.
🙏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!❤️
Weekly Analysis BTC via Ichimoku by TheSocialCryptoClubGood good 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 long-term trend is compromised, after 54 days. Right now the price is in the support area of the Senkou Span B and inside the Kumo. Technically it is on the Weekly Tenkan and if the Senkou Span B is still looking upwards, the Senkou Span A is looking downwards towards the meeting at a glance the trend is bias/lateral.
If on the other hand we use traditional settings then the Kumo has already executed the twist and is now red.
Price: The price is inside the 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 Tenkan 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 the bearish trend with red candles with no shadow above, and the sideways momentum and unpredictability being inside the Kumo.
Fibonacci
CryptoFall, which identifies Fibonacci levels, still shows us a positive sentiment and places the 0 upwards on 75000.
The price passed the 0.382 level and looking back to 0.5 level.
Conclusions
The price is now in a stronger support area. High volatility is expected and maximum caution is needed.
It is important to evaluate the closing of the week on the following price structures:
Bullish 55000/56000
Bearish 53000
It is interesting to evaluate the Hosoda Waves in the previous context using the previous bullish leg as points A, B and C. Interesting targets are:
- Wave E: 76562
- Wave V: 66240
- Wave N: 63242
It will be interesting to look for a further point C 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: decreasing a lot
- Dominance of BTC slightly increasing
- Dominance of stable coin: slightly increasing
- Dominance of altcoins increasing and ETH: decreasing for alt, increasing on ETH
So, there are good opportunities with caution to accumulate BTC and ETH and accumulate interesting Alt that is probable a dump, of course on confirmation of this status for the weekly close.
Thanks for your attention, happy to support the TradingView community.
🔔How about a big profit in AUDJPY?Hi everyone
How about a profit and training analysis? do you agree!❤️
A symmetrical descending triangle appears to have formed As shown in the figure, if the desired trend line is broken i think the downward trend is still going on and the number I predict for the end of the downfall should be 81.100 yen, so in low time frames we should think about selling. be sure to tell me your opinion.
🙏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!❤️
Quick BTC 4hr chart updateBTC Update:
BTC is back above its Bollinger Bands Middle Band Basis 20 Period SMA for this 4hr timeframe. Note that BTC is above its Bollinger Bands Upper Band and we have expansion of the Upper and Lower Bands and this expansion is for positive momentum.
Note that BTC is still in the Bearish Zone of the Ichimoku Cloud on this 4hr timeframe.
BTC is also back above its Least Squares Moving Average (LSMA) for this 4hr timeframe. A candle close above this indicator is a potential buy signal for traders who use this indicator.
BTC is back above its Descending Pitchfork Median Line (Black A,B,C).
Note that we have a new C Pivot point for our Ascending Pitchfork Pattern (Red A,B,C).
BTC is back above its Volume Profile Fixed Range Point of Control for this charts fixed range of 15x 4hr candles that i have selected.
Note that BTC is still below its Volume Profile Visible Range Point of Control for this charts visible range.
Volume on this Bitstamp Chart is still relatively low and note that the last 6x 4hr Volume Bars have been below its Volume 20 Period Moving Average.
The Average Directional Index (ADX DI) is indicating a sharp rise in Positive Momentum with the +DI (Green Line) rising to 24.02 and the -DI (Red Line) dropping to 15,72. Note that the ADX (Orange Line) is at 17.83 and has started to curve upwards indicating the Positive Trend Strength is increasing in Strength. The 9 Period EMA (Black Line) is at 19.04 so we may see the ADX (Orange Line) eventually cross back over and above its 9 Period EMA (Black Line). We also need the ADX (Orange Line) to cross back over the 20 Threshold (Horizontal Dashed Black line) on this 4hr timeframe.
The Moving Average Convergence Divergence (MACD) is also indicating a sharp rise in Positive Momentum with the MACD Line (Blue Line) back in the Positive Zone and above the 0,0 Base Line. Note that we also have increasing Green Histograms. Note that this is the first time since 15th Nov 2021 that the MACD Line (Blue Line) has been in the Positive Zone of the MACD indicator on this 4hr timeframe.
I have added 2 areas of interest using the Parallel Channel tool. BTC needs to stay above the Lower Parallel Channel around $55,610 - $55,100 and this is BTC's potential bottom on this 4hr timeframe. BTC also needs to break back above and more importantly close back above the Upper Parallel Channel around $59,480 - $60,148. Closing above $60,148 takes BTC into the Equilibrium Zone of the Ichimoku Cloud, and also back above its Ascending Pitchfork Lower Green Resistance Line (Red A,B,C). It also takes BTC back above its Descending Pitchfork Upper Green Resistance Line (Black A,B,C) so this is an important area for BTC to close above.
Note that because BTC is above its Bollinger Bands Upper Band, a retrace back under the Upper Band shouldn’t come as a surprise to you. It should be an interesting weekend.
I hope this is helpful with your trading and Hodl-ing.
Notes:
Bollinger Bands = Grey Bands on Chart
LSMA = Black Squiggly Line on Chart
VPFR POC = Short Horizontal Red Line on Chart
VPVR POC = Long Horizontal Red Line on Chart
Important Resistance Zone = Upper Parallel Black Line with Yellow Shading on Chart
Important Support Zone = Lower Parallel Black Lines with Yellow Shading on Chart
Volume Moving Average = Orange Line going through Volume Bars on Chart
Descending Pitchfork Pattern = Black A,B,C on Chart
Ascending Pitchfork Pattern = Red A,B,C on Chart
Support and Resistance Lines - Horizontal Dashed Black Lines on Chart