IchimokuDojoTrading

IchimokuDojoTrading Updated 

ETHUSD 4H Downtrend is starting and $160 acts as critical pivot. Based on 4H Ichimoku ETH is due to trend change, watching closely for repeated breakouts. We just broke $160 and downtrend continuation is likely. Shorts placed, breaking of $162-160 area with volume will invalidate the idea.

IchimokuDojoTrading Updated 

BTC might sneeze soon since it's hovering below resistance zone and we might head to continuation of downtrend at least on short term basis (we dropped -50% already so we are talking about short term trades, long-term BTC might be quite bullish in comparison to other assets specially with printed dollars flying around) and cause ETH to crumble to support areas and...

IchimokuDojoTrading Updated 

GBPEUR might be in the spot for shorting opportunities. Despite Ichimoku being slightly bullish there is a case for end of trend if we get rejected by the pivot . Colored are weekly pivots (S/R) based on price action. Closely looking at support.

IchimokuDojoTrading Updated 

BTC is currently in interesting position. Using Ichimoku system we can trade and take bullish scenario into consideration. If we observe current location of Chikou Span breakout outside the cloud was clear. The bullish can be made with another breakout above $8550 resistance, otherwise Chikou Span will cross inside the price which means prolonged consolidation...

IchimokuDojoTrading Updated 

BTC pumped over 26% in 2020 and we are now forming very interesting daily candle. There is possibility we are trapping the shorts for another pump and possibly blow up top and wick above 10k. There are 4 notable areas where significat action and trading opportunities will take place in my opinion, those are 9400-9600 resistance areas and 8700-8500 and 8270-7850...

IchimokuDojoTrading Updated 

Another prolonged BTCUSD dump correction is ongoing but the $7200-7400 range is very interesting since BTC pumped 40% from here 1 month ago. S/R flip or market is ready to pump again? Big move incoming in either case.

IchimokuDojoTrading Updated 

Considering BTC continues to show weakness, future of ETHUSD looks bleak. There might be some long opportunity if we start seeing daily break from newly formed range on daily chart. Long opportunities to be taken only on small TFs since it's heavily going against the trend. On the flip side, If we fail to close above $160 in the next few days everything in this...

IchimokuDojoTrading Updated 

Will BTCUSD continue to rally from here is the big question. We are currently in the weekly range, high risk case to be made that weekly low is in if we start trending above the range. All eyes on BTC.