BTC 29k - 30k Support Now is 36k - 37k!That 36k -37k Range proves to be as strong as 29k - 30k and maybe it's this support that has gone up.
For the medium term we had a very strong breakout of the 39600 - 40k resistance where a good entry now would be after the bullish pivot forms with a retest in this region.
- A conservative entry would be on the breakout of the previous candlestick's high on the retest.
- Resistance at 42900 and fibo targets on the chart.
- Heikin Ashi showed buying strength in several h4 candles from March 6th to today. We also had the escalation of bullish divergences smaller tfs up to h3 on the RSI with the confirmation made by MACD crossover.
As I like to emphasize, monthly we are in a bull channel.
Portugues...
Esse Range de 36k -37k se mostra tão forte quanto 29k - 30k e talvez seja esse suporte que tenha subido.
Para médio prazo tivemos um rompimento com muita força da resistência de 39600 - 40k onde uma boa entrada agora seria após o pivô de alta se formar com um reteste nessa região.
- Uma entrada conservadora seria no rompimento da máxima do candle anterior no reteste.
- Resistencia em 42900 e alvos de fibo no gráfico.
- Heikin Ashi mostrou a força compradora em vários candles de h4 des do dia 6 de março até hoje. Tivemos tb a escalada de divergências bullish tfs menores até h3 no RSI com a confirmação feita por MACD crossover.
Como gosto de frisar, mensal estamos num canal de alta.
Ashi
BTC,Inverted Head and Shoulders Pattern?My strategy always boils down to 2 entries for 1 stop loss which is in my opinion the most important.
Long:
1- Entry 0,618 Fib Retracement
2 - cloud support
STOP LOSS: 0.8% BELOW 0.786 FIB Retracement
Target:
1 - 0,5 Fib Retracement
2- 0,236 Fib Extension (from 0.5 fib Retracement, increase stop to 0.618 fib Retracement and go up with each achievement of resistance)
Short:
1- Entry 0,382 Fib Retracement
2- 0,236 Fib Retracement
STOP LOSS 0.8% ABOVE 0,236 Fib Extension
BTC, My targets for the weekMy strategy always boils down to 2 entries for 1 stop loss which is in my opinion the most important.
Long:
1- Entry 0,618 Fib Retracement
2 - cloud support
STOP LOSS: 0.8% BELOW 0.786 FIB Retracement
Target:
1 - 0,5 Fib Retracement
2- 0,236 Fib Extension (from 0.5 fib Retracement, increase stop to 0.618 fib Retracement and go up with each achievement of resistance)
Short:
1- Entry 0,382 Fib Retracement
2- 0,236 Fib Retracement
STOP LOSS 0.8% ABOVE 0,236 Fib Extension
KLAYUSDT Primed And ReadyPrice: Klaytn is showing strong PA over the past 2 weeks in spite of the overall health of the market.
Trend Analysis: the white dotted lines represent the downward bearish triangle, which was consolidating since October 2021.
A firm confirmation above this line now indicates a sign of strength towards testing the top of the local range. Indicated at TP3. The other two TPs should be to secure initial capital.
After TP3 you can search for a new entry point at the bottom of the range, perhaps around $1.38 if I had to gave an estimate
Fundamentals: Recent partnership announcements and developments for Klaytn suggest a very bullish 2022 for the token. A possible FOMO pump to the ATH is also probable in March after BTC recovers.
NFA, DYOR, etc.
Good luck out there!
Bitcoin Dump on the 4 HourHello hello hello, yes I am only everyday and so far this is no change to my chart. Okay so on to pressing matters, Price has dumped below the uptrend seller limit I had set and there is a potential chance that it will make it's way to the next supply zone. However, I find that to be highly unlikely due to price not having touched the lowest trend line in ages. Being that the trend line was in charge of the initial buyer flow before it had initially taken off to the new highest high point, it will be a challenge for sellers to break past such a solid line because there are players out there ready to stop the flow. HOWEVER, the dump is particularly strong and on the 1 hour time frame, sellers had broken through the previous floor with no retaliation from the buyers side. There is something I will like to mention, there is a small seller candle with a short wick on the upwards section at Feb. 17, 2022 19:00 which confirms buyer presence and price seems to have slowed down right underneath the current trend line which shows there is a potential chance for things to slow down and consolidate. I would not trade at this point due to how volatile bitcoin is now but I would like to say that on the RSI section of things, price had hit a floor there that has shown good bounce backs. There was one event where price had oversold on January 21st and the 22nd for a few hours but had shot back out after trying to find itself. I do feel as if this is the limit for the dump but if not, there is a possibility that the next level will be the previous supply zone which is set around $39,000. I would suggest waiting this storm out and seeking a buyer candle confirmation and a small retest of the zone to see if it is actually as consistent as I make it out to be. Happy trading and once again I did not proof read this. If you found clarity using my ideas then enjoy and I wish you the best. Please do not over trade due to stress and economic disparity because you will be in a worse position if you trade now and screw yourself. What's 3 hours or so to you? Take a nap and your cash will still be there or don't and lose the cash and your despair will be worse. Pick and choose. The masters can trade on the shorter time frames and utilize the harmonics indicator and Bollinger bands + RSI to get a perfect entry but please don't do that now because anything can happen. A perfect setup could appear but bitcoin could do the exact opposite and just nuke itself the other way and take all of your cash. Anyways, no more parenting for me haha. Patience and wait for retests always. Price always repeats itself, just like war and games. It's all the same.
AN EXAMPLE ON TRADING "DOWNTREND" USING HEIKEN ASHI + EMAsThis is meant as a note to learn about using simple trend trades using heiken ashi candle and 10/30 EMAs.
Notes:
1. Preferably watch a basic rules of Heiken Ashi Candle shapes.
2. Why Heiken Ashi is used? Less Noise, no reversal pattern, purely identification of trend and EMAs.
3. This demonstration using Zil/USDT is used as an "EXAMPLE" in a downtrend scenarios. (If you want to see how the uptrend works comment below).
4. Please DO your own research before using this strategy as this is not financial advice.
bitcoin 4 hour possible reversal descent into the retestYesterdays AB=CD set up was impeccable and took approximately a week and some change to finally take off appropriately. I hope you guys saw the entry as well on the 45 time frame post I had posted. Although it was a small 5% growth from the initial floor setup and 2.3% or so from the continuation confirmation, something is better than nothing because patience rewards and those percentages add up in the long run. For you option traders, I'm sure you had a ball park of a time with that take off. Okay so back to pressing matters, there seems to be a potential reversal back into a retest zone due to the indecision at the top of the trend there which is followed by a small volume seller candle. Granted, sellers need to push it rather far and compete with the buyer tsunami on the side but as we all know, Bitcoin does the impossible all the time so don't enter without first seeing where price settles at such as looking for the long wicks, the average price number it continuously rests at without moving to far and pay attention to the seller/buyer engulfing candles. There is a huge possibility that there will be a wave of seller candles too so do not buy expecting to turn the tides if there is no proof of the tides turning. Happy trading and have fun. For today, I have no re adjusted my chart all to much expect move my Orange Trend Line to coincide with what is going on currently. Floors and roofs are seemingly still consistent with what is currently going on. As usual, I did not proof read this and I am not here to tell you what to do. I am here as a humble guide to clear up the confusion.
Weekly Analysis BTC via Ichimoku by TheSocialCryptoClubGood weekend,
As usual, here's our weekend analysis for the week's trades by our Indicators now available Open Source by looking at a glance at the BINANCE:BTCUSDT Daily chart using the “Traditional” settings with the Ichimoku Kinko Hyo.
Tendency:
As described in the previous weeks, the downtrend weakened a lot and the Kijun Trend Indicator also indicated the reversal. Right now the price is in a critical area as it is on the Tenkan Weekly and it was rejected by the Kumo. Most of the short-term lines confirm the uptrend desire and the Senkou Span A and Senkou Span B are getting closer and closer.
Supports and Resistances in the area and not only:
- 75000.00 by Fibonacci
- 67000.00 by Historical Maximum
- 66001.41 by All-time-high Chikou
- 51800.00-52600.00 from Ichimoku Flat areas/Chikou Cusps
- 40500.00-40700.00 from Ichimoku Flat areas/Chikou Cusps
- 33500.00 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 Heikin-Ashi confirmed the Kumo rejection that stopped the green series and not presenting some strong red candles.
Fibonacci
CryptoFall, which identifies Fibonacci levels, still shows us a long-term positive sentiment and places the 0 upwards on 75000. Price is at 0.618. Usually a retracement is considered from the 0.382 to 0.618.
Conclusions:
BTC continues to be in a downtrend but there is a possible reversal.
It is important to evaluate the closing of the week on the following price structures:
- Bullish 45000
- Bearish 40500-41500
For the Bitcoin Dominance and Altcoin Cycle we can consider the Weekly variation:
- Total Crypto Market Cap: Decreased
- Dominance of BTC: Increased
- Price of BTC: Increased
- Alt Cycle Expectation: Decrease
Thanks for your attention, happy to support the TradingView community.
#Bitcoin We Finally Reversed on Heikin Ashi CandlesHi everyone,
Thank you for considering reading my idea.
People seems to be hyped up that we have a green heikin ashi candle after months of down trend. This is just to give you another perspective what could happen when Bitcoin breaks down the 50 week moving average (yellow line) and getting the first green heikin ashi candle.
You should also see that we have a SELL signal in the Weekly SuperTrend. This happened 5 times before in every bear market (except the one where we crashed due to COVID)
More TA like this in the related ideas below.
Thank you for reading my idea. Like this idea and follow me for more analysis like this. NFA . TAYOR. DYOR.
Cheers,
Juvs
XRP/USD (1d, Heikin-Ashi) - waiting for a break-up confirmationDear Everyone,
Only a few days ago I analyzed also this chart. XRP/USD, 1d, Heikin-Ashi.
See, what happen... But, see where is the upper wick of the candle! On the line that was provided on the upper border of Bollinger band (12d).
Okay; Happilly, we crossed 50 on RSI (14d) at Heikin-Ashi...
I wish you a very good day,
Paweł
BTC, Broke 42200 with volume, let's go easy to 46kFirst: Follow me on Youtube: Murillo Batera Trader.
Hey Guys Humbly my thoughts and my TARGETS of entry EXIT and Stop loss...yes stop loss and depending on the agent it goes up to gain, the stop is your friend.
Turning points for Bitcoin it's good to be smart both not to stay out of the rocket to the moon and not to stay inside it when falling off the precipice.
in the act of writing...
** Sentiment indicators
still with bullish signals.
- Market at Fear 33
- LSR 0.8
- Open interest 81k
- We Desculated From The S&P500 , It's The Second Consecutive Day We've Rise While The S&P500 Falls
- the negative point goes to the dominance that is falling.
** Technical Analysis .
- we are trending up again on virtually all timeframes
- just the daily, however this is an important TF and we are unlikely to hit 47300 in my opinion.
- If it passes, it's not the moon, it's Mars, Venus, Jupiter etc.
** My long and target suggestions are on the chart.
- Stop loss 37800
XRP/USD (1d, Heikin-Ashi) - Pump (and BTC shortsqueeze) coming!Dear Everyone,
Sometimes we have frustrating variations of the price. However, sometimes we have averaging methods for avoiding the local noise. One of theese methods is the usage of Heikin-Ashi candles. About the averaging algorhytm of Heikin-Ashi I will not write here as there is a lot of stuff in the internet, rather good explaining such method.
As you can see, following two days we switched green and todays candle is very, very small.. Look at the RSI for daily Heikin-Ashi candles... We broke the resistance and created the buy signal. Look at the Bollinger band - very, very narrow. It is not very often to see such narrow Bolinger band.
It is very possible we will make a big move up since tomorrow...
Oh, BTW... There is enormous number of opened shorts for bitcoin... I really expect shocking move upwards with a true shortsqueeze!
Best regards,
Paweł
Excellent volumes, Aiming to fly fast toward north$ORN #ORION #PROTOCOL Exceptional volumes seen in $ORN during the recent times. Fantastic reversal seen from support and the breakout of the trendline resistance. If #BTC stays good this will the fastest one to fly north. Interesting setup up overall for sure. #Watching
EGLD - Breakout of falling wedge expected soonEGLD has been on a downward trend so long after it hits its all time high. Now expecting it to breakout of the falling wedge, HA candles are turning green and RSI coming out of over sold territory. As long as BTC stays positive the previous ATH can be seen quicker
S&P500 Bear MRKT?Last time this index was in the powerful green cloud in the ichimoku weekly was in August 2020.
Considerable support for partial accumulations:
- 3899 (Weekly ichimoku cloud support)
- 3415 (Weekly 200 MA support)
Note that it has already been tested twice in the last 4 years, the risk of missing this important watershed increases and would be in my opinion the beginning of Bear MRKT.
A "Bull" Run for ATOM?There are a few Signs that ATOM is set for a new Rally in the coming Weeks. Is a new ATH in sight? Maybe!
ATOM did a perfect and successful bounce on the Fib. Golden Pocket @ 0.65 / 20.90$. The Golden Pocket often turned out to be a significant Level of Support or Resistance. As seen here, it held support two times, with a strong bounce back on the second test.
The Heikin Ashi candles are set for a Trend reversal, if you take a look at the MACD which is also reversing, an Impulsive move is on the Edge.
Keep in Mind, that the Altcoins still are very correlated to Bitcoin, and Bitcoin itself to some major Indexes like the DJI or SPX. If these Markets start to Correct, most likely ATOM will do the same. An entry can be searched after the MACD crossed Bullish and the Heikin Ashi Candles still showing an Uptrend.
If you like my Content, hit the 👍 and/or comment and make sure to follow.
This Analysis is not intended to be investment advice. Always DYOR.
Weekly Analysis BTC via Ichimoku by TheSocialCryptoClubGood weekend,
As usual, here's our weekend analysis for the week's trades by our Indicators now available Open Source by looking at a glance at the BINANCE:BTCUSDT Daily chart using the “Traditional” settings with theIchimoku Kinko Hyo.
Macro Trend Analysis using Kumo :
Tendency: BTC continues to be in a downtrend now from 58 candles. The Kijun Trend Indicator is still indicating a downtrend. This is on long, medium and short-term. This week it is particularly significant that the weekly Tenkan is crossing down the weekly Kijun and sideways bias as some lines are flat.
Price: The price is under the red Kumo and Chikou is under the price.
Supports and Resistances in the area and not only :
75000.00 by Fibonacci
67000.00 by Historical Maximum
66001.41 by All-time-high Chikou
51800.00-52600.00 from Ichimoku Flat areas/Chikou Cusps
40500.00-40600.00 from Ichimoku Flat areas/Chikou Cusps
33500.00 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 Heikin-Ashi with red candles without an upper shadow confirms the strength of the movement.
Fibonacci
CryptoFall, which identifies Fibonacci levels, still shows us a positive sentiment and places the 0 upwards on 75000. Price is now at 0.786. Usually a retracement is considered as such if it includes tra lo 0.382 e lo 0.718.
Conclusions
BTC continues to be in a downtrend. In general, our Kijun Trend Indicator is still short. This position is reinforced due to the crossunder of the Weekly Tenkan to Weekly Kijun.
It is important to evaluate the closing of the week on the following price structures:
Bullish 40500-41500
Bearish 29700-30300
For the Bitcoin Dominance and Altcoin Cycle we can consider the Weekly variation:
- Total Crypto Market Cap: Decreased
- Dominance of BTC: Increased
- Price of BTC: Decreased
- Alt Cycle Expectation: Decrease Fast (Dump)
Thanks for your attention, happy to support the TradingView community.
FARM / USD - Harvest Finance: High Risk / High Reward PotentialThis is the two week Heiken Ashi candle chart for Harvest Finance, crypto-ticker FARM. FARM has been sitting in a range between ~57-100 and ~279-300ish since October 2020.
Two week Heiken Ashi chart shows a clear inverted HS pattern forming. Our right shoulder's highs and lows followed new listings on both Binance and Coinbase, this is the Uniswap chart which has the most history I could find. Marketcap has been hovering around 100 million for a while, circulating supply is 665k, development on the project has made good progress and has some unique features.
The point here is that FARM has never really gotten out of its range. Even despite having seen a near 300% jump overnight after seeing sub 100 dollars back in mid to late December, we've remained between 57 & 300 on our weekly candle closes. Recently, we made a move back to the top of the range (around 279) and then fell back to the middle near 150. If this move continues and we can break up and out of this range, holding above 279-300, we'll complete our HSi and FARM starts to have massive potential. We also could see a golden cross on the Daily 50/200 MAs following another significant move up.
I've indicated 3 potential target ranges should this occur:
- Conservative: Purple TPs 1 and 2
- Normal: Yellow TPs 1 and 2
- Aggressive: Pink TPs 1 and 2
Farm's opening week highs on Uniswap ranged between 1375 and 5194. So, there's also potential it could move significantly higher than the targets listed above, but I'd suggest that we need to see us get and stay comfortably above these first before considering that possibility.
The title says this has high risk / high reward potential. High risk because it's obviously crypto, but especially so with its low cap / low supply. It could just as easily break down out of its range and lose most of its value.
Be safe, good luck, thanks for taking the time to read!