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Clouds

🐱‍👤⛩ Sannin Cross Clouds + ⛩ 🐱‍👤Credit to Ron Westbrook, CBlast and Kiakili. This indicator is a re-engineering of their hard work. I Use the Sannin cloud to help determine the trend of price action. In theory the color indicates the trend direction. The VWAP 9ema Cross is still in BETA testing. In theory it will help determine faster term trend. This is one strategy used by Kiakili. Death Cross - Fast ema crosses below Slow ema . ( Bearish ) Golden Cross - Fast ema crosses above Slow ema ( Bullish )
NYSE:DAL
by sofakingsuper
BTC First Time Above the Clouds on Daily since Bear StartedJust pointing out that we have broken above the Ichimoku clouds for the first time on the daily since falling below them in November, 2021, when the bear market began. This doesn't necessarily meant he bear is over. The last bull run, the cloud broke TWO times before we started the bull. However, in the 2018 crypto winter bear, which the current bear is much more resemblant of, the bear ended the first time we broke through the clouds. The first cycle, it took a couple times. This recovery looks very strong though relative to historic piercings of the clouds. Very torn right now on what will happen in the next little while. After 2 weeks, if we maintain our position above the cloud, as it turns green, then I believe we will be in another situation like 2018 when the first pierce above the cloud was indeed the end of the bear.
KRAKEN:BTCUSD
by D-Rock_Anomaly
BTC- SYMETRICAL TRIANGLE IN PROGRESS !Once again, the magical Fibonacci retracement occured... Indeed, yesterday, the BTC filled its 50% Fibonacci retracement @ 40'340 (which is also by the way the KS and the 21 DMA ! (intraday being slightly higher @ 40'387) Currently in a SYMETRICAL TRIANGLE IN PROGRESS . BREAKOUT IMPLICATIONS COULD TRIGGER A MOVE OF + / - 3'099 pts !!! TARGETING RESPECTIVELY (currently ) : 43'200 TO THE UPSIDE 35'100 TO THE DOWNSIDE RECOMMENDATION : WATCH ON A DAILY CLOSING THE POTENTIAL BREAKOUT LEVELS WHICH ARE, FOR TODAY, THE FOLLOWING. : SUPPORT. : 38'200 RESISTANCE : 40'200 4 HOURS Magical clouds too,,, Currently still just above the MA 21 @ 39'400 and the Kijun-Sen @ 39'250 A failure to hold and stay on a 4 hours closing basis above the KS would be the first intraday warning signal, calling for further downside. Please, also take note that a RISING WEDGE is now alive in this time frame (target 38'700) 1 HOUR (H1) Currently supported by the hourly clouds support are which has already been tested twice (yesterday and a couple of hours ago today and as the thickness of the clouds becomes very thin (twist) in a couple of hours, this support area should be seen as very fragile and a next breakout attempt will be difficult to be rejected... Any comments or suggestions are always more than welcome :-) Do you like my analysis and you think it bring added value on your trading strategies ? If the answer is YES, please to like it first and for those who do not follow me yet, please do not forget either to add Ironman8848 in your following list. Many thanks in advance. Have a nice trading day. Regards IRONMAN8848 - Jean-Pierre Burki
BITSTAMP:BTCUSD
by Ironman8848
BTC - WATCH 39'295 ON DAILY CLOSING !!!DAILY Yesterday's price action filled for a couple of points to make a "PIERCING LINE" (following the RSI bullish divergence detected and mentioned in my previous analysis yesterday I mentioned the level of 39'295 which was the minimum point to reach to confirm this "minor" reversal pattern which, to be cleat a white candle, in order to be validate should close at least above the middle of the prior black candle and in our case closed @ 39'256...) Please also note the importance of this 39'300 area which was for a while the daily congestion support which rejected several downside breakout attempt with success before to only be broken once and now the BTC is attempting to recover above this former support which became the new short term resistance to break, ON A DAILY CLOSING BASIS, to neutralise the downside risk !!! Currently, a FALLING WEDGE IS IN PROGRESS , the upside BREAKOUT being...the bottom of the DAILY CLOUDS... LEVELS TO WATCH REMAINS THE SAME : UPSIDE : 39'295 - 40'340 DOWNSIDE : 39'295 - 37'700 So, in this daily time frame, the next closing will give us the answer.. in the meantime we are looking at the shorter time frames, in order to try to find more clues about further development. 4 HOURS Currently in an uptrend ongoing channel (39'000 - 40'000) 38.2 % Fibonacci retracement @ 39'717 (nearly filled, high so far being @ 39'692) Above both the Tenkan-Sen and the Kijun-Sen, respectively @ 38'696 and 29'250) In this 4 hours time frame, a failure to hold on H4 closing basis above the Kijun-Sen @ 39'250 would already be the first warning signal to take in account... as it would put the focus to lower levels towards the 38'700 area, then to the former low @ 37'700 On the other hand, in order to maintain its current upside bias, the BTC should close above the former closing level which was @ 39'359. A next closing level above 39'359 would open the door for the 40'000 area being the H4 clouds resistance zone and also the 50% Fib ret @ 40'340 1 HOUR Currently above the hourly clouds area, therefore this zone (39'250-38'700) should now be seen as the new intraday support area which also roughly match with the ongoing uptrend support line (39'100) which started from the former low @ 37'700 and with the Kijun-Sen @ 39'000. CONCLUSION VERY IMPORTANT TO NOTE THE CORROBORATION BETWEEN THE COMMENTS MENTIONED IN EVERY TIME FRAME ! IRONMAN8848 - JEAN-PIERRE BURKI
BITSTAMP:BTCUSD
by Ironman8848
BTC-DAILY-RSI BULLISH DIVERGENCE..BUT !Yesterday's price action (long black candle - BEARISH ENGULFING !) which pushed sharply down the BTC towards a low of 37'701 (nearly filling the TRIANGLE TARGET @ 37'581), triggered a BULLISH DIVERGENCE... Therefore, on short term and it'is exactly what is going on, a recovery should take place; nevertheless and in order to confirm a TACTICAL REVERSAL, the BTC should recover and close on a daily basis, at least above the middle (39'295 of the yesterday's long black bearish candle which is also by the way the area of the former daily support congestion ! This only will be the first step of this potential recovery as, as long as the BTC does not make a closing level, above the closing level (40'440) of the last white bullish candle, the trend will not change and the downside risk will remain !!! LAST BUT NOT LEAST IN THIS DAILY PICTURE, THE BTC IS WELL BELOW THE BOTTOM OF THE CLOUDS RESISTANCE AREA WHICH IS ALSO CONFIRMED WITH THE LAGGING LINE... CONCLUSION. : ANY RALLY, FOR THE TIME BEING SHOULD BE SEEN AS A CORRECTIVE MOVE ONLY (TACTICAL COUNTERTREND PRICE ACTION) AND NOT AS STRATEGIC REVERSAL YET; THEREFORE, ANY TACTICAL LONG POSITION SHOULD BE MONITORED VERY CAREFULLY AND MANAGED WITH STOP LOSS ACCORDINGLY ! KEY LEVELS IN THIS DAILY TIME FRAME ARE RESPECTIVELY : DOWNSIDE : 37'000 (ONGOING PRIMARY UPTREND SUPPORT LINE) UPSIDE : 40'500-40'800 (FORMER HIGHS) IMPLICATIONS : DOWNSIDE BREAKOUT OF THE PRIMARY UPTREND SUPPORT LINE : A failure to hold and close on a daily basis above the 37'000 area would be seen as a NEGATIVE SIGNAL, calling for lower levels towards 34'325 (February low) ahead of 32'950 (January low) Then, below the 30'000 area (psychological support) and last but not least THE VERY IMPORTANT KEY STRATEGIC SUPPORT @ 28'600 (double top trigger level !) RECOVERY ABOVE THE FORMER HIGHS (40'500 - 40'800: A successful recovery and a closing level above this area would momentary neutralise this ongoing downside risk and put again the BTC in a TACTICAL UPTREND. IMPORTANT TO NOTE THAT THE PRIMARY DOWNTREND LINE RESISTANCE IS CURRENTLY @ 45'600 4 HOURS RSI BULLISH DIVERGENCE CONFIRME BY A BULLISH ENGULFING PATTERN R1 : 38'500 R2 : 38'917 R3 : 39'717 (38.2% FIB RET 42'979 -37'701) and also the middle of the long black bearish candle seen yesterday afternoon (40'484-38'572 !) On the downside a failure to stay and close (H4 closing basis) above the recent low @ 37'701 would reactivate the downtrend and put the focus towards the levels previously mentioned in D1 1 HOUR RSI school case ... On April 25th we saw a BULLISH DIVERGENCE which trigger a move from 38'202 towards a high of 40'800 (first top) Then a second top also @ 40'800 which triggered this time a BEARISH DIVERGENCE which pushed the BTC down again from 40'800 towards a low of 37'701. Finally this morning a BULLISH DIVERGENCE took place (potential double bottom with its trigger level @ 38'462) WATCH ONGOING PRICE ACTION AS AN HOURLY CLOSING above 38'462 WOULD ACTIVATE THIS DOUBLE BOTTOM FORMATION FOR A TARGET @ 39'223, which roughly match with the KIJUN-SEN (or base line), currently @ 39'250 A failure to activate this double bottom in progress would put again the BTC under selling pressure with the focus on the former low of 37'701. As usual, monitor closely price action from intraday short term time frames to longer time frames which will help you to catch early and intermediate validation or invalidation signal of what has been mentioned in longer (DAILY and 4 hours time frames) Have a nice trading day. Any comment are more than welcome. Regards IRONMAN8848 - Jean-Pierre Burki
BITSTAMP:BTCUSD
by Ironman8848
BTC - HOURLY - NICE RECOVERY...VERY S HORT TERM ANALYSIS (HOURLY) Today, we are going to look carefulLy what happened after the validation of the RSI bullish divergence coupled with the double top formation which i mentioned yesterday morning in my previous analysis as a warning ... (see related idea below) So as you can see, after this validation signal the BTC moved quickly up in a new intraday bull trend, (higher highs and higher lows, confirmed with a convergence on the RSI indicator; please also note the bullish engulfing pattern at the bottom of the chart, which also added value to this nice recovery; note also the successive long white candle which broke at each time important resistance level, begining by the Tenkan-Sen, then the Kijun-Sen, the resistanc of the former downtrend channel and finally the clouds resistance area (39'475-39'713) which increase the upside move towards an intermediate high @ 40'375 then going to the high so far @ 40'800. The 50% Fibonacci retracement @ 40'590 of the last downside correction (42'979 - 38'202 has also been filled), with the next 61.8% Fib ret @ 41'154, which also match the 4 hours clouds top resistance area and which should also be considered as the next important level to break in order to maintain this upside bias. NEVERTHELESS, looking at the last couple hours price action, we can see a trend changing from UP to SIDEWAYS, with a RSI also moving in the same way !! Therefore, this is the first warning signal to consider and respect ! Indeed, no bearish divergence has been confirmed yet, but I would strongly suggest to monitor very closely the price action over the upcoming trading hours. CONCLUSION : In order to maintain to come back in the former short term uptrend mood, the BTC should at least recover and hold above the former uptrend support line and make a new high (higher than the previous one @ 40'800 On the downside, an hourly closing below 40'375 (respectively former short term resistance area and now new short term support area !) would be the first warning signal calling for a downside correction towards the following levels : S1 : 39'800 S2 : 39'500 S3 : 39'194 (VERY THIN HOURLY CLOUDS SUPPORT ZONE !) As usual monitor and watch closely both shorter time frames (M30, M15 and M5) in putting in place alerts which will help you to detect early signal (s) of validation or invalidation of what I previously mentioned. Do not forget, of course, to keep an eye, at the DAILY, WEEKLY and MONTHLY picture which will bring you a broad picture and which will remember you that the BTC is still under the influence of a MAJOR DOUBLE TOP FORMATION, with its trigger level @ 28'600, currently in the weekly time frame still in a secondary downtrend move and in the daily picture, still below the clouds...meaning that the countertrend recovery should only be consider, for the time being, as a TACTICAL RECOVERY ONLY IN A BROAD BEAR TREND and NOT AS A STRATEGIC REVERSAL YET. Have a nice trading day. IRONMAN8848 - Jean-Pierre Burki
BITSTAMP:BTCUSD
by Ironman8848
1
BTC - INVERSED HAMMER AND DOJI....WEEKLY Last weekly closing triggered an inversed hammer pattern which could be interpreted as a potential trend reversal; however, it is important to note that the weekly closing is now under the weekly clouds area which means a persisting downside risk bias, stil alive... RSI below 50, @ 43.70 LAGGING LINE is still in the bottom part of the weekly clouds support area which currently gives little support Globally the trend remains bearish (higher lows) and this trend would only reverse if the BTC manage to recover and hold above the Tenkan-Sen, currently @ 42'701. The next weekly closing level will be very important to look at as it will either validate the inversed hammer pattern in making a bullish engulfing pattern or invalidate in making a closing below 39'467. DAILY Yesterday's price action triggered a DOJI pattern (uncertainty and indecision !) this time, below the minor support, I mentioned in my previous analysis (see related ideas below) The triangle target @ 37'581 is still valid and the base of this triangle@ 40'128) should be considered as the first significant resistance area to break which would stabilize and neutralise, for the time being this persisting selling pressure. RSI below 5, @ 38.43 LAGGING LINE broke the clouds support area, which means, if the BTC does not recover quickly, the selling pressure will increase and will push the BTC lower towards the primary uptrend support line, currently around the 37'000 area. 4 HOURS Below the clouds, the Kijun-Sen and the Tenkan-Sen Watch carefully at the level of the RSI at the next upcoming H4 closing level (potential bulish divergence and double bottom !) LAGGING LINE far away below the clouds 1 HEURE Watch also as per H4 the upcoming price action IRONMAN8848 - Jean-Pierre Burki
BITSTAMP:BTCUSD
by Ironman8848
BTC - UNCERTAINTY AND INDECISION ...WEEKLY Currently below the clouds and as I had already mentioned in my previous analysis, a weekly closing below 40’118 would add more selling pressure. RSI below 50, @ 44.31 LAGGING LINE au milieu de la zone des nuages. Levels to watch in a weekly basis, are the following : UPSIDE : 41’279 - 42’690 DOWNSIDE : 38’547 - 36’500 DAILY Currently trying to hold above a minor support trend line and still under the influence of this triangle pattern with a target @ 37’581. In order to neutralise this ongoing downside pressure, the BTC should imperatively close, in a daily basis, above the triangle support line (@ 40’000) and also confirm the Tenkan-Sen breakout @ 40’0763 which also match with the triangle resistance line of this formation which is approaching of the apex. RSI below 50, @ 41.16 The LAGGING LINE hold for the time being above the bottom of the clouds support area; a breakout confirmed of this support would be seen as an added negative signal. 4 HEURES Currently below the clouds, moving sideways in a relatively narrow trading range (39’000 - 40’000) wc his corroborate perfectly with the weekly and daily comments previously mentioned. Please note the « TWIST » (40’150 - 40’276) which means a clouds resistance area very fragile which could be broken very easily due to its little thickness and if it occurs, that would put the focus to higher level such as the Tenkan-Sen @ 41’088 On the downside, a failure to stay and close above the 39’000 area would open the door for lower levels towards the next support zone between 38’500 and 36'500 1 HEURE Also below the clouds, currently caught between the KS and TS in support and hourly clouds (39’800 - 41’088) in resistance; the top of this resistance zone is also confirming the importance of the weekly Tenkan-Sen @ 41’279 IRONMAN8848 - Jean-Pierre Bürki
BITSTAMP:BTCUSD
by Ironman8848
BTC - YO-YO - UP AND DOWN...WEEKLY (W1) Ongoing price action is for the time being not very encouraging ; indeed, after having briefly tested the resistance ton @ 42’680, the Bitcoin reversed sharply and came back below the weekly clouds support area. The level of the next weekly closing will be very important to look at as, a closing confirmation below 40’118 would be seen as a negative signal which would increase considerably the downside risk, putting the focus for the next supports : S1 : 38'547 S2 : 37'581 S3 : 36'980 In order to temporary neutralise this downside risk, the Bitcoin should at least close above the Tenkan-Sen,(@ 41’279), level already mentioned several times in my previous analysis. Next resistances being : R1 : 42'248 R2 . 43'385 R3 : 44’523 DAILY (D1) High volatility seen over the last couple of days, triggered firstly an upside triangle breakout, calling for a target @ 43’400 which has been missed, higher level being 42’979, which matched with the top of the clouds resistance area and which triggered the sharp downside reversal , pushing the Bitcoin below 40’000, @ 39’770. Yesterday, the Bitcoin failed to recover and closed, for the first time, below the triangle bottom support line which validated this triangle formation calling for a target @ 37’581. Warning, watch carefully ongoing price action (pullback) which may either validate or invalidate this recent downside breakout. Watch also carefully the price action of the LAGGING LINE which is currently testing the bottom level of the clouds. Finally, it is also important to note that the primary uptrend support line is currently @ 36’980 (Support nr 3 mentioned in my weekly analysis) 4 HOURS (H4) Currently below the clouds (39’824-40’998) LAGGING LINE also below both Tenkan-Sen and Cajun-Sen. RSI below 50, @ 36.91 A « DOJI » triggered a « shy recovery », which for the time being has been rejected by the bottom of the clouds resistance area. 1 HOUR (H1) Below the clouds, Kijun-Sen and Tenkan-Sen Watch closely the RSI which may show a potential Bullish divergence (potential double bottom too) which if confirmed may trigger some recovery, with a limited upside potential as this recovery should be seen as a corrective move only in a broad bear trend. IRONMAN8848 Jean-Pierre Bürki
BITSTAMP:BTCUSD
by Ironman8848
1
BTC-DAILY- MAGICAL CLOUDS, ISNT'IT ?DAILY (D1) Yesterday's price action has been a perfect school case about the POWERFUL ICHIMOKU CLOUDS; indeed, if you look at the yesterday's price action, the picture does not need additional comment... Well, to very quickly resume the situation, the BTC is, after having nearly crossing over the top of the clouds, the BTC corrected sharply downwards, with its DAILY CLOSING BELOW THE CLOUDS @ 40'470 and also below the TENKAN--SEN @ 40'763 !!! A couple of hours ago, the BTC reached an intraday low, a couple of hours ago, below 40'000, @ 39'770 and is currently trying to recover... Overall, the yesterday's price action changed the mood , in moving from a potential BULLISH scenario (upside triangle breakout) to, currently rather at a BEARISH SCENARIO, calling for lower levels; a failure to hold on a DAILY CLOSING LEVEL above the former and recent low @ 39'770 should be seen as a first warning signal, calling for lower levels towards 38'500/37'500. A WEEKLY CLOSING LEVEL below the weekly clouds of 40'118 would add significant selling pressure for next upcoming week ! 4 HOURS (H4) RSI bearish divergence, coupled with a shooting star pattern (above 42'000) was the reversal signal which pushed the BTC sharply down below the 40'000 After having briefly broken the clouds bottom of the 4 hours chart (@ 40'400) and reached the level of 39'770 previously mentioned, the ongoing price action, in this time frame, is showing an attempt to hold in the clouds. RSI @ 43.78 and LAGGING LINE below the clouds. Therefore, levels to watch (4 hours closing basis !) are the following : resistance 3 : 42'979 resistance 2 : 41'374 resistance 1 ; 40'763 ******************************* CURRENT LEVEL : 40'500/40'600 support 1 : 40'347 support 2 : 39'770 support 3 : 38'547 1 HOUR (H1) Currently below the clouds... Watch LAGGING LINE price action, which for the time being is still in the clouds ! IRONMAN8848 - Jean-Pierre Burki
BITSTAMP:BTCUSD
by Ironman8848
BTC-IN THE MIDDLE OF THE CLOUDS...DAILY (D1) Yesterday's price action triggered a DOJI pattern; indeed after having opened @ 41'476, briefly broken the former TRIANGLE BREAKOUT LEVEL @ 41'100 (low being 40'893, the BTC managed to recover in making a closing @ 41'375, confirming the still alive triangle target @ 43'400, As long as the BTC stays and hold on a daily closing above 41'000, the way is open for 43'390-43'400 (50% FIb ret, Kijun-Sen and triangle target previously mentioned. A failure to do it would invalidate this TRIANGLE FORMATION (daily closing below 41'000) and put the focus towards the daily bottom clouds support around the 40'400 area which is also, by the way the Tenkan-Sen level. 4 HOURS (H4) Interesting price action seen yesterday and this morning where, yesterday, the upside breakout attempt of the clouds (long white candle) in this 4 hours time frame has been directly neutralized by a BEARISH ENGULFING PATTERN and the breakout of the ongoing uptrend support line, which pushed the BTC down again towards the middle area of the clouds. The ongoing price action is showing a new breakout attempt with its last closing level (H4) matching roughly the top of the clouds zone in this time frame. Therefore, upcoming trading hours should give more clues about further development, targeting respectively, 42'220 ahead 43'400 if the upside breakout is validated or in case of a failure to do it, a return in the clouds with first support level @ 40'858 (MBB) ahhead of the bottom of Hç clouds support at 40'400. RSI above 50, @ 60.34 and LAGGING LINE, currently roughly in the middle of the clouds. 1 HOUR (H1) The 38,2% Fibonacci retracement @ 40'811 of the recent rally (38'562-42202) has nearly been reached (yesterday's intraday low being 40^8939. Interesting to note that once again the CLOUDS worked perfectly well and this time as a SUPPORT AREA. Continue to monitor and watch closely at this hourly clouds (41'300 - 40'000) as very short term support area, the 61.8% Fib ret being @ 39'952, also matching the hourly clouds bottom zone. IRONMAN8848 - Jean-Pierre Burki
BITSTAMP:BTCUSD
by Ironman8848
BTC - UNEXPECTED RECOVERY ?HOURLY (H1) Although no bullish divergence was detected in this hourly time frame, the BITCOIN managed to recover nicely, breaking on its way up all resistances very quickly, in a short period of time; it also managed to recover above the hourly clouds and hold above it for the time being. After having reached, a coupled of hours ago, an intraday high @ 41'250, the BTC is currently moving slightly down and is now, again, below the Tenkan-Sen, which should be seen as a good indicator in this hourly time frame. We are now, roughly, in the same position than yesterday morning when the BTC reached a intraday low @ 38'547, no RSI bearish divergence had been detected and nevertheless a nice rally took place (38'547-41'250). Are we going to see the same scenario on the other side ??? The answer to this question will be given by the KEY PIVOT LEVEL OF 40'000 , which also match with the hourly clouds support area, the H4 Mid Bollinger Band, the bottom of the Daily clouds zone; in summary, A VERY IMPORTANT LEVEL WHICH SHOULD NOT BE UNDERESTIMATED !!! 4 HOURS (H4) The H4 clouds worked perfectly well as resistance level for the time being; two successive "shooting stars" took place when attempting to enter in the clouds. On the upside, watch the 4 hours clouds resistance area between 40'950 and 42'100 as the next barrier to break. A failure to hold, on H4 closing basis, above the ongoing former downtrend line resistance, currently @ 40'469) which became now the new support, would be the first warning signal of a BULL TRAP and would opent the door for lower levels towards, the MBB @ 40'178 ahead of the cluster of KS and TS @ 39'900. DAILY (D1) Despite this recent rally, the BTC did not managed to close on a DAILY BASIS above the Tenkan-Sen @ 40'998 ! Therefore, the today's ongoing price action and more important its closing level may give more clues about further development for the upcoming daily session (s). Indeed, the TRIANGLE PATTERN is still alive, with now, 2 potential breakouts - 41'105 and 39'813 , targeting respectively 43'390 on the upside and 37'474 on the downside, depending on which side the breakout will occur... Watch TS (40'481) as the first support ahead of the daily bottom clouds @ 40'000. WEEKLY (W1) Last weekly closing @ 39'691 below the weekly clouds bottom (39'895) for the first time since January 2022 when the Bitcoin reached an intraweek low @ 32'950 with a weekly closing below the clouds @ 36'294. Ongoing price action is showing a recovery attempt, the BTC being, currently, again in the bottom of the clouds and facing the first significant level to break, which is the weekly Tenkan-Sen @ 41'279, (very important level, already mentioned several times in my previous analysis !) The weekly clouds are very thick (40'118 - 50'550) and therefore should be seen as a difficult area to break straight away...Mid Bollinger Band @ 42'407 will also be an important level to watch at and also consider as a barometer or pivot level for further development. IRONMAN8848. - Jean-Pierre Burki
BITSTAMP:BTCUSD
by Ironman8848
1
BTC- DAILY - STILL IN THE CLOUDS...WEEKLY (W1) Upcoming weekly closing may or may not give more clues for next week price action... Indeed, THE BOTTOM OF THE CLOUDS ZONE SUPPORT has been, during this week, briefly broken but, so far, the BTC managed to hold in the clouds; therefore, as you can easily imagine, a WEEKLY CLOSING, below the bottom of the clouds @ 39'885 would, once again, be seen as a NEGATIVE SIGNAL in this WEEKLY TIME FRAME , putting the focus to the TRIANGLE (in progress) target @ 37'235 ( see daily comments below, ) ahead of the weekly ongoing uptrend support line around 36'350. KEY STRATEGIC PIVOT LEVEL (WEEKLY) : 28'600 Being both the former low reached in June 2021 and more important the TRIGGER LEVEL OF THE MAJOR DOUBLE TOP IN PROGRESS !!! On the upside, a weekly closing above 41'279 or event better above MBB @ 42'872 would neutralise, for some time, the ongoing downside risk. Please note the large thickness of the clouds (39'895 - 50'551) which means, resistance area very difficult to break ! RSI below 50, @ 45.05 and LAGGING LINE in the middle of the clouds. DAILY (D1) Currently traded in the middle of the ongoing TRIANGLE PATTERN IN PROGRESS and still in the bottom zone of the daily clouds support area. As mentioned yesterday, the implication of the triangle breakout would trigger a move of 2'339 points, targeting respectively : UPSIDE : 43'659 DOWNSIDE. : 37'235 RSI below 650, @ 41.31 LAGGING LINE below both KS and TS. Interesting to note that in this DAILY time frame, the level of the T enkan-Sen (@ 41'334) match roughly with the level of weekly Kijun-Sen @ 41'279 , that is why this resistance area should not be underestimated. 4 HOURS (H4) Still moving sideways in a narrow trading range, below the Mid Bollinger and more important below the very thick clouds resistance area (40'698-43'209) ! 1 HOUR (H1) Monitor and watch price action around the clouds which are becoming very thin, meaning fragile on both side... Have a nice Sunday. Take care IRONMAN8848 - Jean-Pierre Burki
BITSTAMP:BTCUSD
by Ironman8848
1
bBTC-CAUGHT BETWEEN CLOUDS AND KIJUNSEN DAILY (D1) The BTC is caught between two important levels, which are : on the downside, the DAILY CLOUDS SUPPORT ZONE (39'900-40'100 on the upside, the WEEKLY KIJUN-SEN (in overlay in the daily chart ) Therefore, ONLY A CLEAR AND SUSTAINABLE BREAKOUT OF ONE OF THOSE LEVELS WOULD SHOW THE NEXT DIRECTION. WEEKLY (W1) In this regard, the upcoming weekly closing level, would also be important for further development in the weekly time frame as the weekly clouds bottom level, also coincides with the important and psychological 40'000 support level . 4 HOURS (H4) The 4 hourly KIJUN-SEN, act perfectly well as resistance level so far (currently @ 40'816) and should still be seen as a good leading intraday indicator for further development. The BTC is currently in this time frame, below bot MBB and KS , which should be seen as the first resistances levels to break before the Kijun-Sen, slightly higher. 1 HOUR (H1) After having filled the 50% Fib ret @ 41'334, in reaching yesterday, an intraday high @ 41'557, the BTC failed to maintain its upside bias and went down in falling, again, below the hourly clouds and below the MBB , which is currently under upside breakout attempt. The HOURLY CLOUDS AREA (40'415-40'936) remains the zone to watch at very carefully as short term resistance zone and on the downside, monitor the former double bottom lows slightly above the 39'000 area. IRONMAN8848 - Jean-Pierre Burki
BITSTAMP:BTCUSD
by Ironman8848
5
A Trading Strategy using Ichimoku CloudsThis chart contains an explanation and breakdown of a trading strategy I've been following with decent success. The basic idea of the strategy is that in the few days following the event of a ticker meeting all entry requirements, there is likely to be a pop of at least a few %. By taking a long position when the conditions are fresh, we can hope to capture a nice move up and then take profit quickly, moving on to another symbol and repeating the process. Just in the month of November 2020 I have completed over 70 trades with this system, yielding a win rate of 83% and average win size of 1.89%; during this time I grew the account by 20%. I created the linked indicator (soon to be updated) to help find the entries and set appropriate stops based on recent volatility. The basic method of finding entries on TradingView is to set up the screener with columns for Last, Ichimoku Cloud Conversion, Ichimoku Cloud Base, Ichimoku Cloud Leading Span 1, and Ichimoku Cloud Leading Span 2, plus whatever columns you would like to use to filter the stock universe you want to apply this strategy to. Then set filters in the following configurations: 1. Last crosses up Ichimoku Cloud Leading Span 1 + Ichimoku Cloud Conversion above Ichimoku Cloud Base 2. Last crosses up Ichimoku Cloud Leading Span 2 + Ichimoku Cloud Conversion above Ichimoku Cloud Base 3. Ichimoku Cloud Conversion crosses up Ichimoku Cloud Base + Last above Ichimoku Cloud Leading Span 1 (or Span 2, whichever yields fewer hits) Flipping through the results from these filter sets with my indicator script on will show you potential entries for this strategy. There is a lot of room to personalize the strategy to your tastes as well, such as how recently do cloud crossovers and conversion/base crossovers need to be or other ways to set the stop conditions. You can also modify the Ichimoku Cloud parameters, but I've been having good results with the defaults of 26 and 52. Please feel free to let me know of any successes or issues you have, and I am happy to answer questions about the strategy or the indicator script. Thanks for checking out this tutorial! This information is for educational purposes only.
WEducation
by ragnarok628
Are you fearful enough ? 😰 🦬 😰Hi everyone 👋🏽 🕊 Wish y'all have a profitable lifestyle 🍀 📌 BTCUSDT- Weekly Time Frame - Candlesticks 📌 Support zone - RSI Divergence - Ichimoku cloud - Fear 📍 BTCUSDT and all the cryptocurrency world may be seeing a bullish momentum in upcoming weeks due to the facts that: 1- We are in a very fearful situation and the index is in an extreme fear position 2- Ichimoku cloud or Span A has held the price from further crash 3- The 39560 price range is an extremely powerful price range which cannot be broken that easily 📍 There is a very famous and precise saying in trading : " Be fearful when others are greedy and be greedy when others are fearful " Personally I have experienced this saying like 3 times during all bitcoin sharp and brutal growth and crashes. 📍 We are in an extreme fearful situation and we can see a very bearish targets which is a sign for another bullish momentum 📍 From Technical analysis point of view: The span A is a very powerful support zone for the price , especially in bigger time frames like monthly and weekly. I think span a can held further crash in Bitcoin 📍 There is a very huge regular divergence which is also bullish in weekly time that can confirm that ⚠️ HOWEVER, nothing is 100% in this world and trading and charts are not an exception; if price manages to brutally break the SPAN A and the very important 39560 price range, we might get in a bearish momentum maybe in more than a year or so. ⚠️ The art of Technical analysis is to see the confirmations, facts, mathematics and possible further movement. ⚠️ It is easy to predict bearish targets in bearish market and bullish targets in a bullish market ✍🏼 You can see my TA which was publish 7th December 2021 just before the end of the year when everyone was giving +100k target EOY :)) ✍🏼 Or on 21st November 2021, when everyone was giving hopium and wished a very huge growth without any bullish confirmations: ✍🏼 19 October 2021 was actually a very important time range and a lot of people FOMO'ed and bought at 60k levels:
Long
by C_EWAVE13
2