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Ichimoku Cloud

BTC-D1-WATCH THE CLOUDS...ONCE AGAIN !DAILY (D1) Yesterday's price action triggered a long black bearish candle which went (as expected,see my previous analyisis) down towards the clouds bottom support level @ 40'088 ! BTC is currently below : 1) the Tenkan-Sen or Conversion line (TS) 2) the Mid Bollinger Band (MBB) 3) the ongoing former uptrend support line (in green) Nevertheless, still above : 1) The Kijun-Sen (KS) @ 39'400 which is also the 50% Fibonacci retracement of the last 32'950-45'850 rally seen recently from Jan 24th to Feb 10th RSI below 50, @ 46.24 Lagging line testing the MBB and the KS , which for the time being act as supports. CONCLUSION ON A DAILY BASIS : Watch carefully, ONCE AGAIN, at the clouds ! Indeed, such kind of information is very powerful, and will give you the next direction... Therefore, there are two levels to look at very carefully on a DAILY CLOSING BASIS which are the following : UPSIDE : 42'525 (DAILY TOP CLOUDS RESISTANCE AREA) DOWNSIDE : 39'400 (DAILY BOTTOM CLOUDS SUPPORT AREA & LAST BUT NOT LEAST THE 50% FIB RET and the KS TOO) A sustainable recovery move above MBB, currently @ 41'489, would, temporary neutralise this ongoing persisting downside risk. While a failure to hold above 39'400 would put the focus on 37'877 being the 61.8% Fib ret ahead of 35'710 (78.6% Fibonacci extension). 4 HOURS (H4) Below the clouds, the psychological 40'000 support level, nearly filled with a yesterday's low @ 40'088 Below the TS, KS and MBB too. RSI far below 50 @ 33.07 with NO BULLISH DIVERGENCE DETECTED SO FAR ! , meaning current reversal price action should only be seen as a corrective move. The Lagging line is below the clouds too. Looking at potential tactical corrective recovery, we can identify the following targets : R1 : 41'211 R2 : 41'907 R3 : 42'469 (50% FIB RET 44'850-40'088 & DAILY CLOUDS TOP AREA @ 42'525) R4 : 43'030 To the downside, as mentioned previously in D1, a breakout of 39'400 would put the BTC in a very fragile zone (mirror effect of the long white candle seen on Feb 4th (37'325-39'840)! CONCLUSION : Watch and monitor closely price action on shorter intraday time frames to get more clues and intermediate signal (s) which will help you to validate or invalidate implications above mentioned. FINALY, LAST BUT NOT LEAST DO NOT FORGET, WHEN YOU TRADE TACTICALLY IN COUNTERTREND TO ADOPT A DISCIPLINED RISK MANAGEMENT APPROACH IN PLACING STOP LOSSES ACCORDINGLY AND IN ADOPTING ALSO A TRAILING STOP STRATEGY !!! GOOD LUCK :-) Have a nice day and take care Ironman8848 & Jean-Pierre Burki
BITSTAMP:BTCUSD
by Ironman8848
HERMES-STRATEGIC MEDIUM/LONG TERM BUY !Following the sharp decline (-30.85 %), since the ATH @ EUR 1678.00 reached on December 1st, 2021, the price action triggered an HAMMER (reversal pattern) coupled with a RSI BULLISH DIVERGENCE, which is a first positive signal calling for a trend reversal towards higher levels. Important to also note that a potential DOUBLE BOTTOM is in progress (first bottom having been reached on October 1st, 2021 @ 1'166.50 ! Today's ongoing price action (long white candle) is, for the time being confirming this reversal and a closing level, on a DAILY BASIS, ideally above the Tenkan-Sen or Conversion line (@ 1'257.80) would add further support to this expected bullish scenario. IMPLICATIONS : UPSIDE : Once this first resistance level will be broken, focus will be on the second resistance area (cluster of both Kijun-Sen or Base line (1288) and the MId Bollinger Band-(1298) -"my own Barometer !", for further development (on this daily time frame, BULLISH above and BEARISH below the Mid Bollinger Band (MBB). The ongoing downtrend resistance line (in red), currently around 1'380 would be the next resistance level to look at ahead of the Daily clouds area (currently very thin) and close to the 61.8% Fibonacci retracement @ 1480.50. A clear upside breakout of the top of the clouds would reopen the door for a new attempt of ATH. DOWNSIDE : Former low @ 1'160.50 is the first support to look at and any dips towards this level should be seen as consolidative move in a new uptrend. Main focus will remain on the WEEKLY CLOUDS SUPPORT AREA (1'200-1'025) with intermediate support @ 1'097,00 this level being the 50% Fibonacci retracement of the big rally which started @ EUR 516.00 in March 16, 2020 CONCLUSION : HERMES is a diamond, very well managed and fundamentally exceptional ! Therefore, STRATEGIC LONG EXPOSURE SHOULD BE BUILT FROM CURRENT LEVEL AND ON DIPS AS A REAL VALUE ADDED ON ANY PORTFOLIO.
EURONEXT:RMSLong
by Ironman8848
3
TRXUSDT D1 Good opportunity to buy ! Hello traders, as you can see, the TRXUSDT chart has had a good reaction to the bat harmonic pattern in the past, and now, after completing a shark harmonic pattern and returning a price from it, it expects a price rise, as well as in Ichimoku KS And TS have given an ascending cross, while the presence of a large gap in the Ichimoku clouds increases the probability of ascent. I have identified the main resistances and I expect to climb to these targets. There is also the possibility of a price reversal from the current resistance and the formation of a classic double bottom pattern.
BINANCE:TRXUSDLong
by Amirhosseinbahrami7899
1
Ichimoku Cloud - An All in One StrategyNYSE:GME The Ichimoku Cloud is a collection of technical indicators that show support and resistance levels, as well as momentum and trend direction. It does this by taking multiple averages and plotting them on a chart. It also uses these figures to compute a “cloud” that attempts to forecast where the price may find support or resistance in the future. ~Investopedia.com Ichimoku can be a strong tool (or set of tools, really), to help with entering only the safest plays, as well as providing the confidence to stay in them. Using $GME from 2/8/22, for example: Using the 15 minute chart, you wouldn't expect a long trend from the setup, but it did provide an opportune entry with plenty of confirmation. Lagging Span (Purple) - Lags behind price by 26 bars. Above the cloud is bullish, and below is bearish. Price exited the above the cloud, which is a buy signal. Conversion Line (Green) broke above the Baseline (Red), which is a buy signal. Conversion Line (Green) rose sharply, which signals a bullish trend. Price and all signals occurred above a green cloud, which is also bullish. All these signals together gave confirmation to go long on $GME at around 11:00am EST. For greatest confirmation, a trader should not enter the trade on simply 1 or 2 signals, though this may be useful for scalping opportunities. The true purpose of Ichimoku Clouds is to identify a possible trend, confirm the trend, enter the trade, and stay in the trade as long as the trend has strength. As price remains above the Conversion Line (Green), the Conversion Line is also very distanced from the cloud, and the cloud remains green, the bullish trend is still continuing. Entry levels for this trend would be testing support of the Base Line (Red) and the top of the cloud itself. Though loss of those level indicate the trend is weakening. Try the Ichimoku Cloud on this chart using multiple time frames to see what you might expect price action to do, and how you might trade or avoid certain setups. Have fun! Exit strategies should also be in place, and profits should be taken at predefined levels when trading short-term trends.
NYSE:GMEEducation
by TheGritz
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: - BTC it is still in the downtrend now from 72 candles but as the downtrend was weakening as described last week, now seems to be the moment of a reversal, even if the various Ichimoku lines still have mixed feelings: long-term still a downtrend, medium-term sideways and short term uptrend. - The Kijun Trend Indicator is still indicating a downtrend but the crossover happened two days ago and today it can signal the looking for a long position. - Tenkan is not over the Kijun and this confirms the reversal desire. Price: The price is under the red Kumo and Chikou is under the price, but at the limit and in an area without a lot of price structures. 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 weakening of the last week is confirmed and now shows the short-term trend desire by some green candels without lower shadows. Fibonacci CryptoFall, which identifies Fibonacci levels, still shows us a long-term positive sentiment and places the 0 upwards on 75000. Price is now moving from 0.786 to 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: Increased - Dominance of BTC: Decreased - Price of BTC: Increased - Alt Cycle Expectation: Increase fast Thanks for your attention, happy to support the TradingView community.
by TheSocialCryptoClub
9
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 65 candles. The Kijun Trend Indicator is still indicating a downtrend. This is on long and medium term. On the short-term the price is a bit bullish as the price is crossing the Tenkan, as the downdrend showing some weakness. But weekly Tenkan under the weekly Kijun and some sideways bias is on Senkou Span B. It is interesting that the price in the past week touched the support indicated by Chikou SR indicator and then bounced. 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 shows the weaking of the short-term trend by some green candels wihout lower shadows. Fibonacci CryptoFall, which identifies Fibonacci levels, still shows us a long-term positive sentiment and places the 0 upwards on 75000. Price is now moving from 0.786. Usually a retracement is considered from lo 0.382 and 0.618. Conclusions BTC continues to be in a downtrend. In general, our Kijun Trend Indicator is still short. This position is confirmed as the Weekly Tenkan is under the Weekly Kijun. On the other side the downtrend is weakining as indicated by the Close between the Tenkan and by Heikin-Ashi. 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: Increased - Dominance of BTC: Increased - Price of BTC: Increased - Alt Cycle Expectation: Decrease Thanks for your attention, happy to support the TradingView community.
by TheSocialCryptoClub
4
ADA D1 Hello traders .ADA currency analysis with a combination of Price Action and Ichimoku . As you can see, the price is at a very important and historical support level , and according to Ichimoku analytical data, the price is expected to rise (due to the gap in the daily time frame and the distance between TS and KS in the weekly time frame). If the price returns from the current level with the approval of Price Action, we expect to climb to the specified targets. These targets are based on Ichimoku and Price Action.I hope it will be useful for you
Long
by Amirhosseinbahrami7899
Bitcoin long trade breaking downOn January 10th I noted a price action Spike Alert around the December 3rd Liquidation Low. I saw this as a bullish signal as price was respecting that low with buyers coming in. In the days that have followed price action had a chance to reverse the bearish trend but as of this morning seems to be stalling out. The "bullish trade" is close to breakeven and on the trading timeframe (2h/4h) is setting up a bearish Ichimoku cloud breakout. This breakout could retest and break the January 10th low. I would not want to be long anymore.
BITFINEX:BTCUSDShort
by norok
7
Bitcoin correction over?No. In my post yesterday I noted the Spike Alert at the bottom which was both a tradable signal and gave Bulls optimism. With a positive up day the +2% gain in BITFINEX:BTCUSD has still not touched the first of 3 key milestones that would invalidate the persisting bearish trend. The two key Retracement Levels from swing trend to retest the low, 43840 and 45880, are yet to be touched. The most important level is 45880 which is a test to recapture the prior trading range. I would still not consider Bitcoin full bullish until recapturing 50k. As it stands now the Daily timeframe remains full trend bearish with the highest probability to continue in that direction.
BITFINEX:BTCUSD
by norok
7
Weekly Analysis BTC via Ichimoku by TheSocialCryptoClubGood weekend and happy new year, By our Ichimoku Analysis Process with its toolset by looking at a glance at the BINANCE:BTCUSDT Daily chart using the “Traditional” settings for the indicator. Macro Trend Analysis using Kumo : Tendency: BTC continues to be in a downtrend now from 37 candles, with currently a sideways bias (indicated by Senkou Span A and Seknou Span B). Kijun Trend Indicator is still indicating a downtrend. All the medium-term lines confirm the downtrend and the sideways bias, although the Kijun is just above the Tenkan. In general the behavior of the last weeks is confirmed Price: The price is under the red 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 51800.00-52600 strong price structure by flat lines 49100 Kijun Weekly 45150 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 Heikih-Ashi confirms the downtrend/sideways movement Fibonacci CryptoFall, which identifies Fibonacci levels, still shows us a positive sentiment and places the 0 upwards on 75000. The price is testing the 0.5 level, after the bounce on 0.618. Conclusions BTC continues to be in a downtrend with a sideways bias. When the breakout of important levels is made the price - statistically - tends to go back. Therefore the levels indicated in the previous week remain valid. It is important to evaluate the closing of the week on the following price structures: Bullish 51800-52600 Sideways 49100 Bearish 45100-46100 It will be interesting to consider as a new point C the low of December 4th in the potential rebound using as A the low of September 21st and as B the all-time-high of December 10th. It can form at a good buy signal even if it can be already activated for some traders. For the Bitcoin Dominance and Altcoin Cycle we can consider the Weekly momentum: - 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. P.S. Given the change in settings, the statistics provided today may be slightly different from the previous analysis, although the analysis remains consistent.
by TheSocialCryptoClub
2