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Don`t rush to trade, the market is decidingA 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 analysis: The on-Chain analysis also shows low levels of transactions The market has had the lowest level of transactions since 2020. The Moving average of inflow and outflow of exchange also has a downtrend and there is no significant inflow or outflow of bitcoins in exchanges. Supply/Demand for BTC reserve for all exchanges reached a 3.5-year low. My idea is that the market is making a decision, and until this decision is made, it is better not to make definite predictions trend. The diagram identifies the levels that must be broken out to confirm the future trend. These levels are $ 45,000 for the uptrend and $ 32,000 for the downtrend in the Renko chart.
COINBASE:BTCUSD
by cryptoonchain
Update: Filter the noise for #Ethereum #ETH by the help of RenkoFilter 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 cryptocurrency. *not financial advice do your own research before investing
BITSTAMP:ETHUSDLong
by Crypto4Everybody
ETH is above crucial supportETH is above crucial support. this support is marked in the chart. this support line is also a neckline for a double top pattern of ETH. If it is broken, we will see a heavy drop in the value of the ETH. Right now, as you can see from the chart at the bottom right, we are seeing a price squeezing above the support line. It is recommended that no trading decision be made until a breakout has occurred. Renko's analysis shows respect for MA40. This will reduce the price to the previous level of support. Ichimoku analysis confirms this.
by cryptoonchain
RSI AMPLIFIER// (v4) RSI AMPLIFIER ( MCDX-Oscillator + Renko-Filter ) ( BTC ) ( 1h,2h,3h,4h ) //Authors credit: //Smart Money based of / Indicator | MCDX //Renko Volume based of "Weiss Wave Volume" / "WWV" //The SmartMoney MCDX (MultiColor-Dragon) amplify rsi values to give confirmation of so called BANKER or SMART-MONEY against Retaillers. //The main issue to me was that the original "SmartMoney MCDX" give only half the potential information since it focus only on positive price action. //Therefore this version is a SMART-MONEY OSCILLATOR built to give entry/exit signals for shorts as well as long. //The Real-Momentum plot replaces HOT MONEY (area, darkgreen/darkred), react quickly to oversold/overbought and hit the max/min value at almost every bar. //The Over-Extended plot replaces BANKER MONEY (stepline, yellow/blue), need a stronger oversold/overbought value to move from the middle. //The Signal-Line plot (line, green/red, with filler), is halfway between the Real-Mommentum & Over-Extended trying to give a signal after the move start but before the biggest candles. // //The original RETAILLERS MONEY carries no information and as been erased. // //Renko-Filter reduce the noise by adding volume values to each new columns until the trend reversal. //How to use: // //The purpose and logic of this indicator is " Amplify to Simplify " // //Enter trade when the Signal-Line leave the middle. //Long when it go TOP GREEN / Short when it go BOTTOM RED //Exit trade when the Signal-Line return to middle or/while the Renko-Filter reverse. // //When you analyze the chart stay zoom out with max/min on the edges of the pan. Only the biggest Renko-series will be visible. //When trading, you may zoom in to see evolution in real time.(version built for minutes time-frames in progress) // //You can easily set a LONG TRADE alarm on the Signal-Line, choosing "Greater than 10" then "Less than 50000" //You can easily set a SHORT TRADE alarm on the Signal-Line, choosing "Less than -10" then "Greater than -50000" // //Be careful when Real-Momentum start being choppy or simply goes too much/too long in the opposite side of the trend. //If the Over-Extended plot follow the Signal-Line after you enter a trade, you're good but always exit before the Over-Extended return to mid. //Use the Renko-Filter to detect lauching Extended-Trend, to confirm Real-Momentum reversal, or to stay in a trade to the last candles. // INFO: //This version is built on purpose for BTC 1h/2h/3h/4h, differents assets, time-frames or exchanges may need change. //If you can't see the Over-Extended, Signal Line or Renko-Filter with a particular time-frame or asset, you can change the value of the rsi at "rsi := 500000" & "rsi := -500000". //Change by a value > to that of the candles (last value in status line). //Zoom in on the indicator to see the Renko-Filter but idealy you want to see the max/min value of the 3 plot of the indicator(default = 50000). // // Overlay: //You can display this indicator directly on your Chart and set No scale (fullscreen), to use it like as a RSI Baseline. //If so, i made specifics version doing it by default (overlay,BTC)(overlay,largeCAP). //@version=4
by LOKEN94
XLP 73/70 Mar 18 Put Credit SpreadThis idea is a little out of the norm for me. I generally stick to broad market, but from time to time I play sectors. Credit Received: 0.36 or $36 / contract Strikes: Short 73 Long 70 Max Loss: 300-36 = $264 per contract Short Leg Delta: 30 Delta (more on this below) Trade Reasoning: 1. Market is being beat up by both the Ukraine - Russia situation and inflation, if both continue to worsen I believe consumer staples (what XLP tracks) will outperform the rest of the market. 2. White line presents a possible support level above my short strike here - Check! 3. Renko Overlay indicator from www.tradingview.com is a new addition to my chart, and it showed another decent support level (see picture below), this is represented by the yellow dashed line. 12% Return on risk - Less than 30 DTE - TP at 50% - SL at -200% Notes: 1. Delta is almost 2x what I normally shoot for (16 delta normal short target), however with these sector ETFs there is often wide spreads, little volume and somewhat crappy IV as well. As such, beggars can't be choosers. 2. Average True Range - ATR on this thing is piddly, so I felt more comfortable going closer to the money here. 3. Renko has been something that I have played with in the past, but I found it left out TOO much info. As such this overlay option from /u/LonesomeTheBlue is a very welcome addition.
AMEX:XLPLong
by ThetaTrades
1
BNB facing a strong resistance areaThe image on the right shows the long-term Bainance channel from 2018. As can be seen, the important support line seen in the long-term channel has been broken. Binance tries to pull back this broken support (which has now become resistance.) three important resistances must be broken to confirm the trend change (downtrend to uptrend) 1- Stable resistance in the of $ 430 2. Important MA 40 bricks resistance in Renko chart ($ 440 to $ 450) 3- Long-term trend resistance line ($ 500 which Binance is trying to pull back to this area) If resistances 1 and 2 break, the target price will be around $ 500
by cryptoonchain
Bitcoin below important resistanceIn Ranko chart analysis, the moving average of 20 and 40 bricks are important supports and resistances. In my opinion, despite the increase in the price of bitcoin in the last few days from $ 33,000 to $ 41,500, this price increase can not be interpreted as a change in the trend. Bitcoin is located in an area where it has swung between $ 29,000 and $ 41,000 before. And this increase does not mean a change of trend until other conditions are met. But there are two basic conditions for us to talk about changing the trend: 1- Breaking the resistance of 20 bricks in EMA or MA: As you can see in the historical chart, ema/ma 20 is strong resistance and support for the price in the current trend. If it breaks, it is an early signal that the trend may change in the future 2- Breaking the resistance of the MA 40: It is a signal to confirm the change of trend. Based on the above, in order to have the initial possibility of changing the trend or continuing bitcoin swing in the range area, we must wait for the bitcoin to react to the moving average of 20.
BITSTAMP:BTCUSD
by cryptoonchain