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Ichimokukinkohyo

BTCUSD - H4 - CAUGHT BETWEEN TS AND KS !WEEKLY : Following its weekly closing @ 49'463, below the former uptrend support line, the BTCUSD began the week in the red again. DAILY : Indeed, last daily closing triggered a "DOJI" pattern which confirm growing uncertainty about further development and which looks like an increase of the selling pressure. RSI @ 31.38 H4 : Looking now at the 4 hours time frame, we can clearly see that the BTCUSD is caught between the Tenkan-Sen & Conversion Line and the Kijun-Sen & Base Line, which are respectively @ 48'800 and 49'800. The Mid Bollinger Band, currently @ 50'960 should, as already mentioned several times, really be seen as a very good indicator in considering this line as a barometer, which means BULLISH above and BEARISH below... In addition, the Tenkan-Sen coincides also with a minor uptrend support line which if broken on a H4 closing basis, would directly open the door for lower levels, towards firstly the 46'500 area, ahead of former low around 42'000 reached on Dec 4th. Last but not least a rising wedge formation is in progress on RSI ! H1 : Uncertainty confirmed by the recent and current price action within the clouds... Interesting to note that the H1 bottom clouds also coincides with the support level above mentioned on H4 ! CONCLUSION : Globally it does not smell good ! No change in my expected bearish scenario and any new long tactical exposure should be monitored very closely in adopting a disciplined risk management and in respecting a rational Risk Reward ratio !!! For those who discover Ironman8848 and who like my analysis, please do not forget to firstly like it and add Ironman8848 on your following list. Many thanks in advance. Have a nice week and all the best. Ironman8848
BITSTAMP:BTCUSD
by Ironman8848
1
BTCUSD -H4- SUCCESSIVE DOJIS = WARNING H4 : As expected and mentioned in my previous analysis,(see related ideas the corrective recovery move went up so far towards a high of 49'762, nearly filling the 50% Fibonacci retracement (49'882) of the last downside move from 57673 towards 42'074. In addition as already said the psychological level of 50'000 has not been broken either and recent and current price action on H4 time frame is showing successive dojis patterns which should be seen as a growing uncertainty and as a warning of an imminent trend reversal calling for lower levels. Looking ahead and on both side I would suggest to look carefully at the following levels : UPSIDE : 50'000 as Resistance 1 (R1) 50'600 as R2 52'878 as R3 DOWNSIDE : 47'975 as Support 1 (S1) 46'600 as S2 42'074 as S3 Globally recent and current price action should still be seen as a corrective move only in a broad bear trend (respectively, below the primary and secondary downtrend line resistance) and below the clouds, which is confirmed by the Lagging line which is still far away below the clouds !!! CONCLUSION : No change in my view,THE ONGOING SELLING PRESSURE IS STILL INTACT, and looking at the weekly picture, a weekly closing below the former uptrend line support (50'900) and below the Mid Bollinger Band (51'673) would add further selling pressure for the coming trading days !!! Only a successful recovery above those 2 levels mentioned and this on a weekly closing basis would force to a view reassessment of the expected bearish scenario. Have a nice Sunday and take care. All the best Ironman8848
GEMINI:BTCUSD
by Ironman8848
6
USDCAD Waiting for the uptrend confirmationMind the Lagging Span who still needs to cross the Trendline in order to validate the uptrend momentum. Next TP levels are easy to identify and are marked on the chart. Glossary : WLY = Weekly DLY = Daily TS = Tenkan Sen KS = Kijun Sen LS = Lagging Span/Chikou Span TL = Trend Line TP = Take Profit SL/INV = Stop Loss / Invalidation level TF = Timeframe Kumo = Cloud, Cloud = Kumo ** THIS ANALYSIS IS MY OWN OPINION AND IS NOT A TRADING OR INVESTMENT ADVICE. ALWAYS TRADE WITH CARE **
Long
by FoxTrading-Official
EURUSD still undecidedEURUSD is still very much neutral as the price is still stuck between its two DLY TS. NFP today so mind the USD. The news should give us the new direction. I have marked some possible TP levels both bearish and bullish. Glossary : WLY = Weekly DLY = Daily TS = Tenkan Sen KS = Kijun Sen LS = Lagging Span/Chikou Span TL = Trend Line TP = Take Profit SL/ INV = Stop Loss / Invalidation level TF = Timeframe Kumo = Cloud, Cloud = Kumo ** THIS ANALYSIS IS MY OWN OPINION AND IS NOT A TRADING OR INVESTMENT ADVICE. ALWAYS TRADE WITH CARE **
by FoxTrading-Official
ETHUSD Bullish bias short termOn the DLY chart, the break of the trendline is confirmed and the LS is now above the price => long bias. Confirmation on the break of the the TS (entry level). On the H4 timeframe, mind the Lagging Span who is still undecided on what to do with the trendline... Glossary : WLY = Weekly DLY = Daily TS = Tenkan Sen KS = Kijun Sen LS = Lagging Span/Chikou Span TL = Trend Line TP = Take Profit SL/INV = Stop Loss / Invalidation level TF = Timeframe Kumo = Cloud, Cloud = Kumo ** THIS ANALYSIS IS MY OWN OPINION AND IS NOT A TRADING OR INVESTMENT ADVICE. ALWAYS TRADE WITH CARE **
COINBASE:ETHUSDLong
by FoxTrading-Official
DOW 2.12 - Short term bearishTrend reversal as the price are now below the DLY Cloud. The price also broke the lower trend line of the Andrew Fork. The price is now testing the Kumo breakout = Neutral. Glossary : WLY = Weekly DLY = Daily TS = Tenkan Sen KS = Kijun Sen LS = Lagging Span/Chikou Span TL = Trend Line TP = Take Profit SL/INV = Stop Loss / Invalidation level TF = Timeframe Kumo = Cloud, Cloud = Kumo ** THIS ANALYSIS IS MY OWN OPINION AND IS NOT A TRADING OR INVESTMENT ADVICE. ALWAYS TRADE WITH CARE **
FX:US30
by FoxTrading-Official
BTCUSD 01.12BTCUSD, dead in the water. Stuck between its TS and KS. I see two scenarios : 1) The price break the DLY KS which would be a signal that the uptrend is resuming 2) We break the Cloud below, meaning the correction is not over and the target zone highlighted in my previous BTC analysis is still valid. On the H4 chart the price is stuck between the Cloud and its TS. Noting to do but wait for the moment. Patience is key. Glossary : WLY = Weekly DLY = Daily TS = Tenkan Sen KS = Kijun Sen LS = Lagging Span/Chikou Span TL = Trend Line TP = Take Profit SL/ INV = Stop Loss / Invalidation level TF = Timeframe Kumo = Cloud, Cloud = Kumo ** THIS ANALYSIS IS MY OWN OPINION AND IS NOT A TRADING OR INVESTMENT ADVICE. ALWAYS TRADE WITH CARE **
by FoxTrading-Official
EURNZD 30.11Pretty much the same configuration as with my analysis on the EURAUD. The price was rejected 3 times by the WLY KS and only a break of the Cloud + LS crossing it would confirm a reverse of the trend on that TF. Glossary : WLY = Weekly DLY = Daily TS = Tenkan Sen KS = Kijun Sen LS = Lagging Span/Chikou Span TL = Trend Line TP = Take Profit SL/INV = Stop Loss / Invalidation level TF = Timeframe Kumo = Cloud, Cloud = Kumo ** THIS ANALYSIS IS MY OWN OPINION AND IS NOT A TRADING OR INVESTMENT ADVICE. ALWAYS TRADE WITH CARE **
by FoxTrading-Official
1
EURAUD 30.11The WLY KS rejected the price 3 times over... The LS also bounced from the same WLY KS. Again, only with ICH you get that PRECISE! Crossing over the Cloud could give a bullish signal, but mind the LS that would need to crossover as well and mind the WLY SSB that I marked with the black dotted line on this TF. Glossary : WLY = Weekly DLY = Daily TS = Tenkan Sen KS = Kijun Sen LS = Lagging Span/Chikou Span TL = Trend Line TP = Take Profit SL/INV = Stop Loss / Invalidation level TF = Timeframe Kumo = Cloud, Cloud = Kumo ** THIS ANALYSIS IS MY OWN OPINION AND IS NOT A TRADING OR INVESTMENT ADVICE. ALWAYS TRADE WITH CARE **
by FoxTrading-Official
5
USDJPY 30.11USDJPY is on the support level of the DLY KS in extension (blue dotted line). Breaking that level will give us a potential first TP level @ 112.137. The next level of support is the DLY SSB. Again, breaking that level (+confirmation) might drive the price further down. Glossary : WLY = Weekly DLY = Daily TS = Tenkan Sen KS = Kijun Sen LS = Lagging Span/Chikou Span TL = Trend Line Kumo = Cloud, Cloud = Kumo ** THIS ANALYSIS IS MY OWN OPINION AND IS NOT A TRADING OR INVESTMENT ADVICE. ALWAYS TRADE WITH CARE **
Short
by FoxTrading-Official
2
EURUSD 30.11On the DLY chart, the price may retrace back to its KS. On this H4 chart, the price stopped exactly at the H4 KS level above the H4 Cloud (only with ICHI you can have that level of precision). The price tested the Kumo break and seems to be willing to go further. The LS is still in the Cloud so we are still in retracement strategy rather than a change of trend on this TF. Possible TP is the DLY KS level. Glossary : WLY = Weekly DLY = Daily TS = Tenkan Sen KS = Kijun Sen LS = Lagging Span/Chikou Span TL = Trend Line TP = Take Profit SL/INV = Stop Loss / Invalidation level TF = Timeframe Kumo = Cloud ** THIS ANALYSIS IS MY OWN OPINION AND IS NOT A TRADING OR INVESTMENT ADVICE. ALWAYS TRADE WITH CARE **
Long
by FoxTrading-Official