The 78.6 % Fibonacci retracement @ 3'457 has been filled (intraday high so far @ 3'469). In addition, the ETH is still below the ongoing downtrend line resistance and last but not least BELOW THE CLOUDS on a daily basis. Therefore, further development will depend on upcoming price action over the next trading hours and will be confirmed by the daily closing level...
Today we are going to look at three time frames : Firstly the 4 hours where the base of the triangle is currently under attack with an ongoing pullback attempt Secondly, the hourly to see if there is & are potential reversal signal (s) Thirdly, the daily picture to have a global overview of what is going on Let's go to the 4 HOURS CHART : Currently, after...
Good morning, today we are looking at the 4 hours time frame which is showing a triangle formation in progress. As mentioned in my previous analysis, the 44'200 level should be considered as an important resistance area, which, for the time being has not been broken on a H4 closing basis yet. Indeed, this pivot level should not be underestimated as it is also...
Good morning, today we are going to look at the daily picture again. Indeed, as you clearly can see on this chart, the bottom of the clouds in this time frame, worked, once again perfectly well in rejecting the breakout attempt with an intraday low, below the clouds @ 39573. BTCUSD is currently traded at, I would say a key pivot level on the daily picture;...
Good morning, today we are going to look at the daily picture which yesterday, on a closing basis, triggered a bullish engulfing pattern. Indeed, as mentioned in my previous analysis (see related ideas below) I highlighted, the importance of the clouds support zone on this D1 time frame and you can see the confirmation on the chart. Clouds once again worked...
H4 : Last candle closing @ 44'636 is the first warning signal which triggered, as expected and mentioned in my previous analysis published yesterday, a "shy" pullback, which should be watch at very carefully and which will be crucial for further development. Indeed, a failure to recover above the ongoing support trend line (green line) and watch also RSI which...
Hi everyone, wish y'all have a profitable lifestyle. 🕊 📍I am a big fan and believer in ichi-moku and its crazt TIPS which in my point of view works the best. 📍Last week we have seen crazy movements from Bitcoin's chart which surprised everyone including myself. 📍 I saw Laggin-span going inside the komu-cloud which is an extremely bullish sign of the chart...
1. Edge-to-edge play just completed on 1D XBTUSD 2. Chikou broke through price and entered cloud 3. Tenkan crossed the Kijun All signs show a shift in the market. This trifecta has not occurred on the 1D since the beginning of Oct. 2020 when Bitcoin was at 11k
Chikou breaking out of the cloud on ETHBTC. Tenkan has crossed the Kijun and is above the Kumo. Seeing a nice 4h doji. Definitely one to watch.
Bitcoin has closed within the 8 hour Ichimoku Cloud and could be looking at an edge to edge move inside of the cloud. The Tenkan (blue) has crossed over the Kijun (orange) which suggests a bullish continuation.
Future forecast for the Tenkan (blue - short term moving average), Kijun (orange - long term moving average), & Senkou Spans (cloud - red resistance & green support) is provided on the chart for the daily timeframe.
Looking at the 6D chart with Ichimoku cloud, it definitely seems possible that bitcoin may continue to drop. The way the current candle is hanging from the Kijun does not look very good. There are more support levels that could be tested such as 26k, 18k, 15k. We should play close attention to the bitcoin price action today along with watching the 4D and 5D...
When using the Ichimoku indicator, it is usually a good idea to enter a trade in the direction of the trend when you see the Tenkan & Kijun close together and when the Tenkan, Kijun, and Cloud have sharp angulation pointing to the future price of the asset. You can see in the chart that this was the case previously as the price rose, now it could be the same case...
First we take the 1D Kijun line and add it to our 3D chart where we recently observed the TK cross to the downside. This will serve as a major level that we could revisit in the short term. Second we look for our long term support area. I see this being around 30k due to volume and the long/flat areas of the 3D Kijun and the 3D Cloud. Third we look for an...
PRICE WAS IN TRIANGLE AND NOW TRYING TO BREAK DOWNWARD WE ARE WAITING FOR ITS STRUGGLE TO END AND GO DOWN TOWARD 87.31 AND THEN 86.59 JXY ANALYSIS IS IMPORTANT AS WE CAN TAKE ADVANTAGE FOR OUR PAIR ANALYSIS WITH WITCH ONE SIDE IS JPY ANY COMMENTS PLS SHARE
H4 : Triangle formation in progress. Currently below Kijun-Sen (57068), Mid Bollinger Band (55759), Tenkan-Sen (55259) and roughly in the middle of the triangle. Breakout of the triangle : BULLISH SCENARIO Upside breakout would trigger a move of 6398 points towards 63500-63750 BEARISH SCENARIO (expected) Downside breakout would target 47675-48000 Watch also H1 and M15
H4 : The 58400 important support area mentioned yesterday worked perfectly well, coupled with the failure to breakout both the Mid Bollinger Band and the Kijun-Sen (Base line). This rejection triggered a nice upside move, once again above the 60'000.. but it did not hold above it.. so far. No change in my view, as long as clear breakout of the 60'000 in holding...
D1 : After having nearly reached the expected target which were respectively 50187 (61.8% Fib ret) and the psychological support level of 50'000 in moving down towards an intraday low of 50360, the BTC recovered nicely towards an intraday high so far of 55597. This recent price action triggered a long white candle (bullish engulfing pattern) which on its upside...