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In which direction will the Kumo cloud breakout?Bitcoin has been in the range area for more than 3 months, and the prolongation of this period has tired analysts. During these three months, analysts have had differing views on where the breakout will take place. The movement in the swing zone should end gradually and we should see a bitcoin breakout. During this period, not even a confirmed spring or upthrust has been performed. Bitcoin is now inside the Kumo cloud (in Renko chart), respecting the support and resistance of the Kumo cloud. There seems to be nothing left until the Kumo cloud breakout. Now we have to wait and see In which direction will the Kumo cloud breakout?
BITSTAMP:BTCUSD
by cryptoonchain
1
Macro picture of bitcoin accumulation areas and tops - renkoMake of this what you will, I thought this macro perspective was neat. The lack of bullish divergences and the current structure of this formation we are in makes me think we see a further dip down before up unfortunately. We could also hold here at the level of CVD divergence as support. However in this geopolitical climate, anything can happen. The green/red bars off renko candles are periods of divergence between buy/sell volume and price (cumulative volume delta). They act as areas of support/resistance very nicely. If someone can make out a clear bullish narrative from this chart, would love to hear from you. Overall, I remain long
Long
by limetoast
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
BTC first Renko target: 35000This idea analyzes the Ranko chart in daily timeframes. As you can see, Bitcoin has started to decline after respecting the resistance of the EMA20 ($ 44,000). This downward trend continues in the chart and its first target is the support level of Rekco at $ 35,000 Bitcoin's response to this level of support will be significant. If this level of BITSTAMP:BTCUSD COINBASE:BTCUSD BINANCE:BTCUSDT BYBIT:BTCUSD BITFINEX:BTCUSD INDEX:BTCUSD BINANCE:BTCUSD FTX:BTCUSD BYBIT:BTCUSDT KUCOIN:BTCUSDT support breaks down, we should expect a further drop in the price of bitcoin
BITSTAMP:BTCUSD
by cryptoonchain
2
To change the trend, Bitcoin must breakup $ 45,000Bitcoin is located in a range area. Is the rise of bitcoin a correction in a downtrend or a reversal to the uptrend? Although a positive divergence can be seen in the RIS, I think it is too early to conclude that the bitcoin trend will change. Bitcoin continued to decline over the past few days by reacting to the moving average of 40 as expected (see link below). The uptrend of the last two days is, in my opinion, a correction in the downtrend at the moment, and in order to accept it as a stabilized uptrend, it has to break up the resistance at $ 45,000.
BITSTAMP:BTCUSD
by cryptoonchain
4
Matic Confirmed Downward TrendMatic has been confirmed to have a downtrend for the following reasons and has not shown any sign of a change in trend at the moment. 1- RSI negative divergence: As can be seen in the chart on the right side, the MATIC has a negative divergence, which is a sign of a downward trend. 2- Bearish crossovers of Brick indicator and brick zone indicator. 3- Bearish crossover of MA 20 and MA 40 indicators on Renko chart All of these indicate a confirmed downtrend Matic is now faced with the resistance of Ma20. I expect the downtrend to continue in the future
M
by cryptoonchain
48