Bitcoin respected the moving average of 40 bricks in the daily time frame of the Ranko chart. This indicates that the bitcoin bear bias still continues, and we still do not see any sign of a possible change in the trend
As can be seen in the chart, Bitcoin is in the Support zone: 1- It is on the border of the Komo cloud 2- Above the support of the moving average of 40 3- ABove the support level of the Swing Zone Bitcoin's reaction to this support area will affect its short-term and even long-term trend
BTC reenters the range area. However, no signal should be confirmed until Bitcoin is out of the range area, the re-entry of bitcoin into the range area makes us consider the recent local top as a potential upthrust. Bitcoin is currently above the EMA20 support line, and we have to wait and see how Bitcoin reacts to it and the moving average of 40 bricks.
BTC reacted to the resistance of Kumo Cloud. It is still is inside of Kumo Cloud and above the support level of range area. In Renko analysis, the future trend can not be confirmed until it re-enters the range area or exits the Kumo cloud.
Although Bitcoin has broken up the resistance level of the Swing pattern, it is still inside the Kumo cloud, below the Kumo cloud resistance and the Renko resistance level of $ 47,000. It is recommended not to trade until bitcoin exits from the Kumo cloud in the Ranko chart.
Can Cardano ADA break the Renko-chart resistance ? Using Renko-Chart with $0.10 each candle you can delete all the noise and see clear. Current price at FIB golden pocket. What do you think - do you want to see more Renko-Charts? 😎 Drop me a nice comment if you'd like me to analyze any other cryptocurrency. *not financial advice do your own research before investing
AVAX is below the resistance level and is forming a swing pattern. we can see bullish crossovers in the brick indicator and moving averages. Wait for the breakup of the swing area to confirm the uptrend
Bitcoin is below two resistances in the Ranko weekly chart. The first is the resistance level of $ 47,000 and the second is the MA 40. Bitcoin seems to have respected these levels of resistance.
Apple is below the resistance level. It has formed the boarding-wedge pattern, And has formed a swing pattern in the Ranko chart. Wait for the swing pattern breakout for the trade
The initial signals of the uptrend are noticeable: 1- brick indicator bullish crossover 2- EMA 20 and MA 40 bullish crossover But bitcoin is still inside the Kumo cloud This can lead to a local top. To confirm this uptrend, wait for the $ 45,000 resistance level breakup in the Ranko chart.
Apple broke down the following support: 1-Broke down the swing pattern 2- Broke down the support of MA 40 Apple now has the support level of the Kumo cloud. The breakdown of the Komo cloud will confirm the downtrend in the future.
Make of this what you will, I thought this macro perspective was neat. The lack of bullish divergences and the current structure of this formation we are in makes me think we see a further dip down before up unfortunately. We could also hold here at the level of CVD divergence as support. However in this geopolitical climate, anything can happen. The green/red...
A look at the technical and on-chain analysis on bitcoin shows that the market has not yet decided for the future trend. In the Ranko diagram, we can see a wedge that is neither ascending nor descending In Ichimoku analysis, bitcoin has entered the Kumo cloud. This indicates that the market is making decisions and it is recommended not to trade. OnChain...
Filter the noise for Ethereum ETH by the help of Renko-charts (upper chart). In this long-term view we see current price did not break through the interesting support level starting from the cycle top January 2018. The lower chart shows the candle-chart in comparison - much more noise, right? Drop me a nice comment if you'd like me to analyze any other...
Bitcoin BTC long-term view without all the noise. Just set the chart to Renko with $2.000 each candle to see that we are at a very important support level . Still nothing has happened yet. For me this chart calms me down - what about you? 😎 Drop me a nice comment if you'd like me to analyze any other cryptocurrency. *not financial advice do your own research...
I thimk the best chart is independent of time by renko i could find the sell area As you see there is a QM there
This idea analyzes the Ranko chart in daily timeframes. As you can see, Bitcoin has started to decline after respecting the resistance of the EMA20 ($ 44,000). This downward trend continues in the chart and its first target is the support level of Rekco at $ 35,000 Bitcoin's response to this level of support will be significant. If this level of BITSTAMP:BTCUSD...
Cosmos (ATOM) Renko-Chart without noise - $31.5 to watch for Breaking this price level would give a clear bullish picture. But the red price resistance channel is not broken yet. What do you think? Do you hold ATOM? 😎 Drop me a nice comment if you'd like me to analyze any other cryptocurrency. *not financial advice do your own research before investing