$QQQ Daily Close — Sep 10NASDAQ:QQQ Daily Close — Sep 10
NASDAQ:QQQ closed 708.69, down 1.06%, below both @ripster47 EMA clouds. Price opened under the 34-50, high of the day was 712.06, and it closed at 708.69 — through the whole cloud. That's a 34-50 Break. The 5-12 Break came first in the same bar.
The volume finally answered the question
For six sessions I've been flagging the same thing on this chart: every up bar came on below-average volume. The Sep 3 curl, the follow-through, the bounces — all of it on lig
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 )
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
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 LEVEL
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
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
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 engulf
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 t
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 neutr
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
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 intrada
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 t
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 th
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 comm
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
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 ha
WEducation
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 wh























