BTCUSD can go both ways!!!
Full BTC/USD 4H Analysis with Projections
Key Ichimoku Observations:
1. Tenkan-sen (Blue Line): Flat, indicating short-term indecision.
2. Kijun-sen (Red Line): Also flat, confirming a sideways market.
3. Senkou Span A & B (Kumo/Cloud):
The Kumo is thin and slightly bullish (green), suggesting indecision but still supporting a bullish bias.
Price remains above the Kumo, maintaining an overall bullish structure.
4. Chikou Span (Green Line): Positioned above price from 26 periods ago, confirming bullish momentum.
However, it is approaching historical price clusters that may cause resistance.
Wave Theory Analysis (N-Wave and P-Wave):
An N-Wave (bullish impulsive move) occurred earlier, followed by a period of consolidation.
Currently, a P-Wave (triangle formation) is evident, with price contracting between 100,000 (support) and 102,000 (resistance):
Breakout above 102,000 signals trend continuation.
Breakdown below 100,000 signals bearish correction.
Time Theory (Kihon-Suchi):
Ichimoku Time Theory suggests cycles of 9, 17, 26 periods where price movements, reversals, or consolidations occur. Using these time projections:
1. We are at the Decision Zone: The price is consolidating, and a breakout or breakdown is expected within 4-8 candles (16-32 hours).
2. After the breakout/breakdown, the following time projections apply:
9 candles (36 hours): For 1st targets.
17 candles (68 hours): For extended targets.
Trade Setup with Projections:
Bullish Scenario (Higher Probability):
Trigger: Breakout and close above 102,000.
Confirmation:
Price holds above Tenkan-sen and Kijun-sen.
Chikou Span remains free of resistance.
Targets and Projections:
1. 1st Target: 104,000 reached within 9 candles (~36 hours) after breakout.
2. 2nd Target: 106,000 reached within 17 candles (~68 hours) after breakout.
Stop Loss: Place below 100,000 (psychological support and Kijun level).
Bearish Scenario:
Trigger: Breakdown and close below 100,000.
Confirmation:
Chikou Span drops below the price structure.
Price enters and closes below the Kumo.
Targets and Projections:
1. 1st Target: 98,000 reached within 9 candles (~36 hours) after breakdown.
2. 2nd Target: 96,000 reached within 17 candles (~68 hours) after breakdown.
Stop Loss: Place above 102,000 (resistance and previous highs).
Time Cycle Summary Table:
Conclusion:
Current Bias: Bullish as long as price remains above the Kumo and 100,000.
Next Action: Monitor price behavior near 102,000 (resistance) and 100,000 (support).
Time Projection for Breakout or Breakdown: Next 16-32 hours (4-8 candles).
This combined approach using Ichimoku Wave Theory, Time Theory, and price action provides a clear trade plan for BTC/USD.
Key Ichimoku Observations:
1. Tenkan-sen (Blue Line): Flat, indicating short-term indecision.
2. Kijun-sen (Red Line): Also flat, confirming a sideways market.
3. Senkou Span A & B (Kumo/Cloud):
The Kumo is thin and slightly bullish (green), suggesting indecision but still supporting a bullish bias.
Price remains above the Kumo, maintaining an overall bullish structure.
4. Chikou Span (Green Line): Positioned above price from 26 periods ago, confirming bullish momentum.
However, it is approaching historical price clusters that may cause resistance.
Wave Theory Analysis (N-Wave and P-Wave):
An N-Wave (bullish impulsive move) occurred earlier, followed by a period of consolidation.
Currently, a P-Wave (triangle formation) is evident, with price contracting between 100,000 (support) and 102,000 (resistance):
Breakout above 102,000 signals trend continuation.
Breakdown below 100,000 signals bearish correction.
Time Theory (Kihon-Suchi):
Ichimoku Time Theory suggests cycles of 9, 17, 26 periods where price movements, reversals, or consolidations occur. Using these time projections:
1. We are at the Decision Zone: The price is consolidating, and a breakout or breakdown is expected within 4-8 candles (16-32 hours).
2. After the breakout/breakdown, the following time projections apply:
9 candles (36 hours): For 1st targets.
17 candles (68 hours): For extended targets.
Trade Setup with Projections:
Bullish Scenario (Higher Probability):
Trigger: Breakout and close above 102,000.
Confirmation:
Price holds above Tenkan-sen and Kijun-sen.
Chikou Span remains free of resistance.
Targets and Projections:
1. 1st Target: 104,000 reached within 9 candles (~36 hours) after breakout.
2. 2nd Target: 106,000 reached within 17 candles (~68 hours) after breakout.
Stop Loss: Place below 100,000 (psychological support and Kijun level).
Bearish Scenario:
Trigger: Breakdown and close below 100,000.
Confirmation:
Chikou Span drops below the price structure.
Price enters and closes below the Kumo.
Targets and Projections:
1. 1st Target: 98,000 reached within 9 candles (~36 hours) after breakdown.
2. 2nd Target: 96,000 reached within 17 candles (~68 hours) after breakdown.
Stop Loss: Place above 102,000 (resistance and previous highs).
Time Cycle Summary Table:
Conclusion:
Current Bias: Bullish as long as price remains above the Kumo and 100,000.
Next Action: Monitor price behavior near 102,000 (resistance) and 100,000 (support).
Time Projection for Breakout or Breakdown: Next 16-32 hours (4-8 candles).
This combined approach using Ichimoku Wave Theory, Time Theory, and price action provides a clear trade plan for BTC/USD.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.