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BTC/USD - is BTC still in a downtrend?Let’s have a look at the BTC/USD 1 week chart and see what this chart and indicators are telling us. BTC is still in a massive Falling Wedge Pattern. BTC is also still in a massive Ichimoku Y-Wave pattern. Note that the 50MA is still traveling DOWNWARDS towards the 200MA so we still might see a Death Cross on this 1 week timeframe. At the moment of typing this, BTC has crossed back under its Least Squares Moving Average (LSMA) on this 1 week timeframe. A successful close below the LSMA and successful re-test as resistance will indicate that the direction of travel will most likely continue downwards. BTC is still way under its Bollinger Bands Middle Band Basis 20 Period SMA on this 1 week timeframe. Looking at the Descending Pitchfork Pattern, we can see the Support and Resistance levels that BTC has been hitting on this indicator. Here is a closer look at this 1 week chart: BTC is still in the Bearish Zone of all 3 of its major Ichimoku Clouds. Looking at BTC’s most important Ichimoku Cloud: The Conversion Line (Tenkan Sen) is indicating that mid-point the short-term momentum is downwards at the moment. The Base Line (Kijun Sen) is indicating that the mid-point of the mid-term momentum is sideways at the moment. The Lagging Span (Chikou Span) is indicating that momentum, at the moment is starting to slope downwards. Using the Negative V Calculation from the 1 Month Chart, and using the Ichimoku Timespan Numbers of 65-Bars and 76-Bars starting from the ATH at $68,789.63 back in Nov 2021, we have 2 potential timeframes for the price target $9,916. V Calculation Negative (from 1 month chart) V = B - (C-B) = D C $25,160 - B $17,538 = $7,622 B $17,538 - (C-B) $7,1622 = $9,916 D1 = $9,916 The week of 6th Feb 2023 D2 = $9,916 The week 24th April 2023 Note that this is NOT a bottom for BTC but is a PRICE TARGET using the Ichimoku V Calculation (Negative). Looking at the Up/Down Volume, we can see that the Volume Traded since around June 2021 has been nothing when compared to what has been previously traded in the past. Looking at the Relative Strength Index (RSI) we can see that the RSI is pointing downwards and still has plenty of room to move downwards before becoming Oversold on this 1 week timeframe. Note that the RSI is getting very close to crossing under is 9 Period EMA. From my opinion, before anyone can start talking or preaching about bottoms, reversals and bull-runs, we need to talk about fundamentals and what is happening to the world economy. We also now know that the Crypto world isn’t yet a hedge against inflation and we also need to accept the fact that the world is already in a recession and possibly heading into a depression in 2023. From my opinion BTC is still in a mid to longterm downtrend. That is NOT going to change unless BTC crosses back ABOVE and more importantly CLOSES ABOVE its 200MA on the 1 Day Chart for Mid-Term and 1 Week Chart for Long-Term. If/when this happens, be on the lookout for any successful re-test as support on these timeframes. Once this world wide recession fully bottoms out be it in 6 months, 1 year, 2 years, 5 years or 10 years and when the powers that be have had their fill of transferring wealth from the Middle Class and the Poor to the elites, then true opportunities WILL ARISE for those who are ready. Again this is all my opinion so I hope this post is helpful.
BITSTAMP:BTCUSD
by TradingThroughTheLens
10
BTC/USD - Cycle Patterns and the next Crypto Bull-runUsing Sine-waves, we can clearly see that BTC/USD has followed a Cycle Pattern of 8-Bars so around 1461 days to achieve a new maximum ATH Candles before a cycle back downwards. Note that each half cycle is between 730-731 days. If this cycle pattern is correct, we can expect the next maximum BTC ALL TIME HIGH to be achieved anywhere around the 6 Month Candle starting on Tuesday 1st July 2025 before a cycle back downwards. I have added Fib Re-tracement Levels so you can see that BTC needs to CLOSE this 6 month Candle ABOVE the 0.236 Fib level at $16,256. Note that I am talking about a NEW maximum ATH before a cycle back to the downside. As an example, you can see from Monday 1st July 2019 to Thursday 1st July 2021 multiple ATHs can be achieved and broken so i am talking about the next maximum ATH before a cycle back to the downside. So according to this Cycle Pattern, technically the next Crypto Bull-run should start anywhere on the 6 Month Candle that starts at Saturday 1st July 2023. But one thing we should factor in is that the world is already in a Recession and possibly heading into a depression. So the next Crypto Bull-run could start later as it has on other cycle pivots. So technically it could also start anywhere on the 6 Month Candle starting Monday 1st January 2024. As a worst case scenario, and depending on how bad inflation gets then we could end up seeing a full 8-Bar cycle to July 2025 that is downwards. Again this is all my opinion so I hope this chart is helpful to your trading and hodl-ing.
BITSTAMP:BTCUSD
by TradingThroughTheLens
2
🔥✅HOW TO GET 70% WIN RATE USING VOLUME PROFILE🔥 Hi friends! Today we will talk about a very important trading tool that can give you 70% win rate if you will know how to use it as a pro trader. This tool is a volume profile. 📊 WHAT IS THE VOLUME PROFILE? The volume profile is a real traded volume. Unlike the usual vertical volumes that show the amount of volume traded over a certain amount of time, the horizontal volume shows the volume traded over a certain price range. The volume profile has 2 components:
 🔥 value area (yellow areas), which is the biggest resistance/support for the price. There can be several value areas, but the largest value areas called HVN or High Volume Nodes. 🔥 liquidity gap (white area) is the area where the least volume is traded. Usually, the price "cuts" through these areas very quickly. 📊 HOW TO USE THE VOLUME PROFILE? I want to show you how it works. If we want to understand the next price movement, we should identify the biggest value areas. So you see the most significant liquidity (value) areas and wait when the price tests it: 1. if the price breaks the value area and tests it as support , you can enter a trade because bulls are strong and the price should go higher. 🚩 The clear trade example on how to use HVN (value area) as support (+20% of clear move). 2. if the price test it as resistance , this means that bears are stronger and bulls haven`t enough power to push the price higher. 🚩 The clear trade example on how to use HVN (value area) as resistance (+26% of clear move). So the value areas or HVN are a stop on the way of price movement in one direction or another. The better you determine where the price will go after testing this HVN (value area), the more profitable you will be. 🚩 If you use this approach on lower timeframes, you can get more trades. This is ideal if you are an intraday or swing trader. Try using horizontal volumes yourself, and in the following ideas, I will tell you how I and other advanced traders use them. ✅ So this approach has 50-70% win rate, but if you want to increase it, you need to use additional filters. Personally, I use the DOM and Footprint to identify the whales' orders and buy crypto with the big guys. These indicators can easily add 25-35% to your win rate. I make a lot of video lessons and articles about them, so enjoy and make money. 💻Friends, press the "boost"🚀 button, write comments and share with your friends - it will be the best THANK YOU. P.S. Personally, I open an entry if the price shows it according to my strategy. Always do your analysis before making a trade.
Education
by Yuriy_Bishko
9
S&P500 - 1 Day Chart - Short Price Target of $2,880S&P500 1 Day Chart: Short Price Target V Calculation Negative V = B - (C-B) = D C $4,102 - B $3,491 = $611 B $3,491 - (C-B) $611 = $2,880 Price Target Ichimoku Timespan: A to B = 41-Bars (42-1) B to C = 34-Bars (33+1) C to D = 75-Bars (76-1) (41+34=75) Wednesday 22nd March 2023 Notes: The Ichimoku Conversion Line (Tenkan Sen) looks like it is about to cross back under the Ichimoku Base Line (Kijun Sen) on this 1 day timeframe. The Ichimoku Lagging Span (Chikou Span) looks like it is about to drop under the price from 26 Periods ago. Note that the Leading Span A (Senkou Span A) and Leading Span B (Senkou Span B) support is very thin where the S&P500 Price is located at the moment. We have a Double Top at the 50% Fib Level $4,102 which is located around C of our Ichimoku V Calculation. The S&P500 Price is under its Bollinger Bands Basis 20 Period SMA and we have expansion of the Upper and Lower Bands and this is for negative momentum. The S&P500 Price is also under its Volume Profile Visible Range Point of Control (VPVR POC) for this charts Visible Range. Looking at the Moving Average Convergence Divergence (MACD) indicator, Momentum is downwards and we can see that the MACD Line is still under its Signal Line and is getting very close to the 0.0 Base Line. From my opinion, analysing all the above indicators it's looking very likely that we will see the Price Target of $2,880. This will also be fully confirmed when/if the Leading Span A (Senkou Span A) crosses back under the Leading Span B (Senkou Span B) creating a Kumo Twist into a Bearish Red Cloud on this 1 day timeframe. I hope this is helpful.
SP:SPXShort
by TradingThroughTheLens
2
💡HOW TO OPERATE LATERALITIES WITH THE VOLUME PROFILE💡HI Guys, I will bring here an example of operation, follow the thread On that day, I observed prices trading in a strong resistance zone and close to the 200 descending EMA, so I looked for sales with targets in the support zones. I ended up taking my first take at $1.85 and I went with the targets plotted on the screen as an objective. Yesterday the price was struggling to close the bar above the POC, so I saw context for more selling. See that we have a double top in the POC zone combined with the fibonacci range So I believe in the bottom of laterality test This is a little bit of how I use the VOLUME PROFILE In this case, I am expecting a consolidation operation, so the target zone is usually the central part of the entire trading range, for those who use the VP, they can also use the POC (The POC is basically the zone where most price trading takes place in active) Important points: always on a trading range you will trade against breakouts, because 80% of the time they will fail. Whenever you observe a consolidation mainly in the form of a wide range, use the Volume Profile to make it easier to read, and look for sales with signal bars, confirmation or any SetUp that you use above VAH, and purchases below VAL This update was one of the last of the Volume Profile here on TV I hope you enjoyed this content, consider following me to receive more publications like this one, and leave your like to contribute to my work
Education
by leandrosander_
BTC/USD - 1D Chart Update with Triple Ichimoku CloudsQuick BTC/USD 1D chart update. A range of $12K to bottom $9K price target for BTC/USD is still in play. $9K will probably be hit with just a quick wick downwards from $12K. V Calculation (Negative) V= B-(C-B) = D C $25,160 - B $17,538 = $7,622 B $17,538 - (C-B) $7,622 = $9,916 Note that the above calculation is from the 1M Chart but i have added it onto this 1D chart. Note that BTC is still under our 3 unique Ichimoku Clouds. Here is a closer look at this 1d chart: If we look at our main Ichimoku Cloud we can see that: The Ichimoku Cloud Conversion Line (Tenkan Sen) is indicating that the mid-point of the short-term momentum is sideways at the moment on this 1d timeframe. The Ichimoku Cloud Base Line (Kijun Sen) is indicating that the mid-point of the mid-term momentum is sideways at the moment on this 1d timefram. The Ichimoku Cloud Lagging Span (Chikou Span) is indicating that momentum at the moment is sideways. Note that the Lagging Span (Chikou Span) is still under the past price. End of the Bear Market will be signified when the price crosses back above our Leading Span B (Senkou Span B) of our third largest Kumo (Cloud) and all 3 Kumo Leading Span A (Senkou Span A) create a Kumo Twist turning all 3 green. Note that the Leading Span B (Senkou Span B) is near the trope of the Descending Wedge Pattern. BTC is still in its downwards Pitchfork Pattern and is getting very close the its Pitchfork Median Line. Note that the Price found Resistance from its Upper Light Green Pitchfork Resistance Line. BTC is still in a Descending Wedge Pattern and a massive Ichimoku Y-Wave. Looking at the Bollinger Bands, we can see that BTC is still way below its Bollinger Bands Middle Band Basis 20 Period SMA. Note that both the Middle Band and the Lower Band are still pointing downwards and the Upper Band is starting to curve downwards. So we could see some consolidation before the next big move downwards. Looking At the Average Directional Index (ADX DI) we can see that the Trend Strength is strong with the ADX (Orange Line) at 39.04 and still above its 9 Period EMA (Black Line). Positive Momentum has increased slightly but is still low with the +DI (Green Line) at 9.47. Negative Momentum has dropped but is still dominant with the -DI (Red Line) at 29.95. For your viewing pleasure, here is a look at the amazing accuracy of all 3 of these unique Leading Span A (Senkou Span A) and Leading Span B (Senkou Span B) Clouds (Kumo) as support and resistance levels. This is all my opinion so i hope this has been helpful.
BITSTAMP:BTCUSDShort
by TradingThroughTheLens
5
BTC/USD price target if it breaks below its Descending TriangleBTC/USD is still in a massive Ichimoku W Wave Pattern. BTC is still in a Descending Wedge Pattern and a Descending Triangle Pattern. BTC is still in the Bearish Zone of the Ichimoku Cloud. The Ichimoku Cloud Conversion Line (Tenkan Sen) is indication that the mid-point of the short-term momentum is sideways at the moment. The Ichimoku Cloud Base Line (Kijun Sen) is indication that the mid-point of the mid-term momentum is sideways at the moment. The Ichimoku Cloud Lagging Span (Chikou Span) is indicating that momentum at the moment is slight upwards but overall ranging sideways. If BTC breaks below its descending Triangle pattern Using Negative V Calculation a price target of around $9,916 is produced. V Calculation (Negative) V= B-(C-B) = D C $25,160 - B $17,538 = $7,622 B $17,538 - (C-B) $7,622 = $9,916 The above V Calculation is taken from the 1 month chart but I have added it onto this 1 day chart. For your viewing pleasure, below is the BTC/USD 1 month chart. Notice that we have a timescale pattern of 9 Bars and 17 Bars on the above 1 month chart. 17 Bars takes us to the month of 1st April 2023 but due to crypto volatility, the price target may be achieved much sooner. Note that 9 and 17 are part of the Ichimoku Kinkō Hyō Number Theory. This is all just my opinion using the Ichimoku System. In any case, i hope this is helpful.
BITSTAMP:BTCUSDShort
by TradingThroughTheLens
6
VET/USD - 1w chart Update and my opinionLet’s have another quick look at the VET/USD 1w chart. Here is a closer look at this 1w chart. VeChain is still in its Descending Wedge Pattern on this 1w chart. Note that VET failed to close a weekly candle above its upper descending trend line of its Descending Wedge Pattern at around $0.0286. $0.0286 was also the previous high from Mon 23rd Jul 2018. VeChain is still below its Least Squares Moving Average (LSMA) on this 1w chart. VET is still below its Bollinger Bands Middle Band Basis 20 Period SMA for this 1w chart. Note that the Lower Band has started to curve downwards indicating volatility for the downside on this 1w chart. Note that the 50MA (Orange Line) is getting really close to the 200MA (Red Line). If the 50MA crosses under the 200MA on this 1w chart that will create a death cross on this 1 week timeframe. VET is now fighting to stay above its support area located at $0.01978 and $0.0181. If VET closes a weekly candle below $0.0181 then we should drop to around $0.0120. VET is below its 1 ($0.01845) Trend Based Fib Extension Level. Failure to close a weekly candle above this level will lead to further drops. Looking at the Volume Profile Visible Range (VPVR) we can see the area i which the most Volume was traded on VET/USD. Note that VET is close to dropping under its 78.60% Fib Retracement Level at $0.01811. I have added a Modified Schiff Pitchfork pattern and you can clearly see that VET has a long way togo before crossing back above its Median Line. Looking at the Average Directional Index (ADX DI) we can see that the Trend Strength is still weak with the ADX (Orange Line) at 16.34 and still under its 9 Period EMA (Black Line). Positive Momentum has dropped with the +DI (Green Line) dropping to 16.39. Negative Momentum has Increased with the -DI (Red Line) rising to 24.32. Looking at the Relative Strength Index (RSI) we can see that there is still plenty of room for VET to drop before becoming Oversold on this 1w chart. Note that the RSI (Purple Line) is still under its 9 Period EMA (Orange Line) which is a sign of downwards strength on this 1w timeframe. So what does all this tell me: This is all just my opinion but this tells me that there is plenty of room for VET to drop further on this 1w timeframe especially if it closes a weekly candle below its 78.60% Fib Retracement level. Once this world wide recession fully bottoms be it in a 1 year, 2 years, 5 years or 10 years and the powers that be have had their fill of transferring wealth from the Middle Class and the Poor to the elites, then opportunities will arise for those who are ready. My crypto of choice is obviously VET and a few others that have use cases but this goes for all Crypto’s so soon your crypto of choice will be available at an even lower bargain price. Especially if/when BTC drops to the $12k-$9k range. Please see the chart below. I hope this is helpful with your trading or hodl-ing.
BINANCE:VETUSD
by TradingThroughTheLens
Optimism poised for a 75% draw downTLDR: Lots of well established TA suggests OP takes out the previous lows at 0.41. Analysis I am going to begin with the divergence primer just in case a reader is unfamilar with the divergences and what they mean. Divergence Primer Classic Divergence (Trend Reversal) Bearish: Higher highs on price action but lower highs on the indicator Bullish: Lower lows on price action but higher lows on the indicator Hidden (Trend Continuation) Bearish: Lower high on the price action and higher highs on the indicator Bullish: Higher low on the price action and a lower low on the indicator As the chart shews both OPUSD and OPBTC both have great deal of hidden bearish divergence on the Log MACD (and histogram) as well as the RSI and Stochastic RSI. The Gaussian channel is pretty powerful as support and resistance and generally speaking I get excited to buy beneath a red Gaussian channel or when I see price action powering its way through. Not so much with OP right now, with the hidden bearish divergences. I expect the top of the channel will continue as resistance. Likewise the 100 Daily Moving Average is right above price action and I assume it will continue to act as resistance as well. The volume situation doesn't look good to me either. With price breaking out above the Value Area of the VPVR to create all time highs and coming back in on both OPUSD and OPBTC I think we are going to see more typical behavior and the value area will act as resistance, especially on OPBTC. The On Balance Volume has set virtually equal highs with this current peak and the peak from September. That is a sign of bullish exhaustion. It is also concerning that both the 10 and 20 SMA are below the 100. If the OBV regresses to the mean (the 10 or the 20) then that dip would get me deep into the money. Not all the way to target, but deep enough I can have a fairly profitable stop loss. Here is a similar move on Matic over two years ago where Matic dupped and took out what looked like strong support at the 0 line before rallying up to just above the 0.618 retracement before crashing. From there it went 400x If OP has a similar run then I will be quite pleased. Also, if OP crashes down to about the 0.28c I will go in full accumulation mode and hopefully we will see it run in another year or so. Macro I still think a lot of the equities indices are mostly done with their downside. I also like a lot of the "OG" crypto currency coins like XMR, Dash, XPR, BCH and I think a lot of the nu-crypto coins that were the top runners of 2021 are going to crash at bit more before going into long consolidation. That is a lot of moving parts for me to hopefully get right.
Short
by This_Guhy
1
Chiliz is chilling CHZ/USD W. IdeaIm learning to TA, please dont judge me. Looking into data from when selloff started in April and MCB wave started to roll down and second point, when MCB showing the bottom in June, pulled two separate VPVR for those ranges. Pulled Fibb retrace. Long time frame VPVR is in confluence with deep retrace by Fibb at $0.165 Short TF VPVR lowest volume is near 0.5 Fibb and in confluence with one of the weekly closed candle, when it bounced, I'd say significant point. Fibb GP near $0.135-0.14 Long TF VPVR in confluence with Fibb deepest retrace at $0.12 Here is the fourth point of interest: on macro it just printed LH and in the event of the Nuke we will find it at $0.04. Of course, Im probably wrong on everything, bc it will decide to pump out of nowhere... Thank you for reading. I would appreciate help and correction on everything I have here.
BINANCE:CHZUSD
by OlegDC
$USDJPY | Finally A CeilingI think we finally can mark this top area as a massive resistance point for USDJPY as this is it's 2nd go around of a peak and seems to be a free fall. Massive areas of volume have been respected as long as possible but seems like a potential breakdown can occur with little to no air coverage. Could see the gas leaving the rocket ship as soon as it entered the resistance zone. Took a short trade based on RSI and the previous resistance point being respected. Target 100 PIPS with 1:1 My numbers: Entry: 144.404 Take Profit: 143.457 Stop Loss: 145.417 Currently in profit so moved my STOP LOSS to HALF of current profit. Sitting at 144.170
Short
by CryptoHotep
Bitcoin Bottom- i saw many traders using vrvp or vpvr like and claiming BTC will go 10k. - They just don't know how to use this tool and didn't understand how it works. - if u don't know how to use a tool, simply don't use it. so less people's will rekt. this is an advanced trading tool. - The Timeline of those tools are VERY IMPORTANT, they cannot be set up from 2015 or 2013. What happened when BTC was Bearish : - Actually when BTC dipped from 30,000$ ish, the columns started in the vrpv darker zone ( Less Demand ) - BTC reached 20,000$ and columns started to grow ( Demand Zone but Fear "Retailers" ) - Then dipped 17,500$ and the columns diminished size ( Good Demand " Smart Money" ) - This is at this point that you can detect a BOTTOM Zone. ( Darker zones + Small Columns ) Then what happened when BTC was Bullish : - if you watch VRVP when BTC was growing you will notice the inverse. - The Main demand was around 30,000$. - BTC Reached 50,000$ and VRVP started to be darker ( More Demand impulse "FOMO" ). - Then BTC reached 70,000$ ( No Demand ). ( Darker zones + Small Columns ) - i will post an exemple under this post to show a bad use of VRVP/VPVR. please don't use it that way. Happy Tr4Ding !
Long
by thecryer
14
BTC/USD 4hr chart analysisBTC/USD 4hr chart analysis: On the 17th, BTC had broken downwards out of its Ascending Wedge Pattern on this 4hr chart. BTC had found some support from its support level at around $21,264 but has now dropped below it. A successful 4hr close below this level will possibly take BTC to its support area at around $20,834 to $20,494. The Ichimoku Cloud Lagging Span (Chimkou Span) is indicating momentum is downwards at the moment. The Ichimoku Cloud Conversion Line (Tenkan Sen) is indicating that the mid-point of the short-term momentum is downwards at the moment. The Ichimoku Cloud Base Line (Kijun Sen) is indicating that the mid-point of the mid-term momentum is also downwards at the moment. Note that the Leading Span A (Senkou Span A) has crossed under the Leading Span B (Senkou Span B) creating a new bearish red cloud (Kumo) for this 4hr timeframe. Note that BTC is way below its Least Squares Moving Average (LSMA) for this 4hr timeframe. BTC is still well below its Bollinger Bands Middle Band Basis 20 Period SMA and still outside of its Bollinger Bands Lower Band. Note that the Upper band is also extending upwards. BTC has also found some resistance from its 1.618 ($21,577) Trend-Based Fib Extension level. Looking at the Average Directional Index (ADX DI) we can see that the Trend Strength is increasing with the ADX (Orange Line) at 28.22 above the 20 Threshold (White Dashed Line) and above its 9 Period EMA (White Line) at 20.40. Positive Momentum has dropped with the +DI (Green Line) at 7.84 and Negative momentum is upwards after the rise and drop with the -DI (Red Line) at 38.39. Interesting times and opportunities ahead. I hope this is helpful with your Trading and Hodl-ing.
BITSTAMP:BTCUSD
by TradingThroughTheLens
1
BTC/USD - Is it a Rising Wedge or a Falling Wedge?Quick BTC/USD 1 week chart update: BTC is in a massive Rising Wedge Pattern. BTC is also in a massive Falling Wedge Pattern. At the moment of typing this, BTC is still back above its 200MA on this 1 week timeframe. At the moment of typing this, BTC is still way below its 50MA on this 1 week timeframe. At the moment of typing this, BTC is still way below its Bollinger Bands Middle Band Basis 20 period SMA. Note that the Upper Band is curving downwards and the Lower Band is starting to curve around slightly. At the moment of typing this, BTC is still back above its Least Squares Moving Average (LSMA) on this 1 week timeframe. BTC is still in its Descending Pitchfork Pattern above the Median Line and back above its Upper Green Resistance/Support line. It will probably be some time before we see BTC back above the Ichimoku Cloud Equilibrium Zone and back in the Bullish Zone on this 1 week timeframe but that doesn't mean profit cannot be made while the Price is still in the Bearish Zone under the Equilibrium Zone, that is why it's always best to check multiple timeframes for any potential breakouts on those. Looking at the Average Directional Index Indicator (ADX DI), we can see that Negative Momentum has continued to drop with the -DI (Red Line) dropping to 31.45. Positive Momentum has dropped slightly with the +DI (Green Line) at 15.01. The Trend Strength has increased with the ADX (Orange Line) at 32.18 note it is still above its 9 Period EMA (White Line) which is at 28.89. Looking at the Moving Average Convergence Divergence Indicator (MACD), we can see that the MACD Line (Blue Line) is still in the Negative Zone under the 0.0 Base Line but it has risen sharply with Red Histograms decreasing in size and it looks like we could soon see the MACD Line (Blue Line) crossing back above the Signal Line (Orange Line) creating a Buy Signal on this 1 week timeframe. Note that the MACD Line (Blue Line) has not been in the Positive Zone above the 0.0 Base Line since the 10th Jan 2022. For the mid to longterm upside, be on the lookout for a successful weekly close above the 28.60% ($24,314) Fib Re-tracement level and any successful re-test as strong support. For the mid to longterm downside, be on the lookout for a weekly close back under the LSMA and 200MA with any successful re-test as strong resistance. So a Rising Wedge or a Falling Wedge? Which will it be?……. only time will tell. I hope this is helpful with your trading and hodl-ing. Notes: 200MA = Red Line on chart 50MA = Yellow Line on chart LSMA = Cyan Line on chart
BITSTAMP:BTCUSD
by TradingThroughTheLens
6
BTC/USD - weekly 200MA is now resistance againA quick BTC 1 week chart update: Note that BTC has closed another weekly candle below the weekly 200MA. The Ichimoku Cloud Conversion Line (Tenkan Sen) is indicating that the mid-point of the short-term momentum is downwards at the moment on this 1 week timeframe. The Ichimoku Cloud Base Line (Kijun Sen) is indicating that the mid-point of the mid-term momentum is sideways at the moment on this 1 week timeframe. The Ichimoku Cloud Lagging Span (Chikou Span) is indicating that momentum at the moment is downwards on this 1 week timeframe. Note that the Lagging Span (Chikou Span) is still under the previous price. BTC is still in a massive Ichimoku Y Wave and it is also in a new Ichimoku P Wave on this 1 week timeframe. BTC is also still in a massive Descending Wedge Pattern. BTC is still well below its Bollinger Bands Middle Band Basis 20 period SMA on this 1 week timeframe. Note that the Lower Band is still pointing downwards and the Upper Band is starting to curve downwards. We should keep an eye on both the 50MA and 100MA on this 1 week timeframe because the 50MA is curving downwards and may cross back under the 100MA. The weekly 200MA is now resistance again so we will have to see if BTC can attempt again and succeed in crossing back above the 200MA and turn it into strong support. It’s always important to have a little patience, do your own research, check multiple timeframes and if needs be, to wait for confirmation like a close above the weekly 200MA and successful re-test as support. From my opinion, if in doubt, a successful close above and re-test as support of a crucial level in whatever timeframe you are trading in is....... crucial. It should be another interesting week. I hope this is helpful with your trading and hodl-ing. Notes: 50MA = Orange Line 100MA = Purple Line 200MA = Red Line
BITSTAMP:BTCUSD
by TradingThroughTheLens
1
ATOM/USDHi all, How am I buying ATOM. Bear markets can be very difficult ot navigate. Staying in USD is also beneficial especially when macro economy is not looking great. This is why I fix many DCA levels in order to be prepared for the worst. Remember that bear markets can go lower than everyone is expecting and can be very hard to navigate. In this moment BTC is looking for a bottom so the altcoins can be a little bit less riskier now. Anyway is not the end of the bear market and this one can last until next halving or the macro it will look better. If you like ATOM I use the following strategy: 1. Establish support and resistence levels. (VPVR and weekly candles) 2. Use Fibonnaci (0.886 level or correction between 80-95% maybe higher) 3. Oscillators (in this case RSI is at historically low levels) What do you think about this buying strategy?
COINBASE:ATOMUSD
by cryptoforevery1