This is a 12H Bitfinex chart showing a potential reversal of bearish momentum with a weak Bullish TK cross under the cloud. We have had several Bullish TK crosses under the cloud since August 2014 with only one materializing into strong bull momentum (buy signal) above the cloud. Also of note, we seem to have firmly rejected the Kijun resistance around $232 and...
I took this Kumo-break trade on the 4hr chart for usd/jpy and already moved my stop-loss to break even(where the red horizontal ray is at), I will manually move my stop-loss accordingly to the Kijun Sen. I got my eyes on the monthly resistance as profit target(monthly pivot) and i set my take profit target even with last uptrend spike. Would you still look to...
This is the 4H cloud on OKC futures. I labeled the potential long entry based on Rob Booker's cloud method (for more see the Cloud and Exit post). Unfortunately, price broke out through the cloud before I had a chance to publish. I have labeled upcoming resistance levels with my arbitrary near term prediction. The current price levels at the time of this post had...
This concept was taken from Rob Booker's Ichi Webinar www.youtube.com The idea is that if price enters the cloud, assume it will exit the cloud on the opposite side of the entry. I backtested this with the 30min time frame which is almost 100% accurate. Shorting if price enters from above the cloud, and going long when price enters from below the cloud. The exit...
The clouds are looking bullish. As I have labeled on the chart everything you want to see to be bullish is occurring. Also confirming indicators are all bullish as well. I think its time to take a long position
The key word of the last week has been whipsaw. This term is applied in trading circles when the price head’s in one direction, and then is quickly followed by a movement in the opposite direction. The price of bitcoin has entered a period of high volatility and is whipsawing all over the place. A few simple words here: traders beware. It is time to be vigilant...
Right now is a time to stay bullish but be vigilant. The price is back in the cloud which is warning of a change of trend. Price has held support and stayed in the cloud. Indicators like RSI point to staying bullish. Cloud Span A has crossed Cloud Span B in the cloud ahead which is a bullish sign as well. The Standard Line(BLUE) has crossed through the cloud to...
First time into the cloud rejected and now getting a bearish engulfing. There is no reason to put a long on here.
Ichimoku Cloud Indicator With Cloud Shading Based On Trend!!! I’m releasing this Indicator b/c of the New Feature that Allows Coding The Fill of The Cloud To Change Colors Based On Trend. However, I will be releasing a Much More Advanced Version Soon!!! Current Features - Via Inputs Tab: - Ability to Turn On/Off Every Plot Individually Via Check Box - Ability...
The power of the mighty ichimoku cloud at its best. Watch how the (4H) cloud supported the price and avoided a strong bearish scenario. Right now, as you can see, price is fighting Resistances: - 0.382 fibo at 2366 - Oblique resistance from previous high. - Ichimoku Kijun (4H), "the blue line" Supports: - Ichimoku cloud 4H (aka Kumo). - EMA65 (fat grey line)...
It has been said that Asian traders are the ones driving bitcoin trading. If this is the case it pays to use the technical indicators they are when trying to figure out trends. Ichimoku clouds is one of my favorite indicators and it works especially well with currencies and assets linked to currencies. Bitcoin is still in a bearish trend although shorter term it...
There is still some more downside to be expected from this pair, pitchfork channel has been rejected on the 4H timeframe as well as the ichimoku is still indicating down, until Chikou Span crosses price, I don't consider to go long. this weeks event risk is not really going to send this pair any where to the upside, especially when we are expecting lower results...
We have two 11 months views. * At your left, a chartist analyze with: - 2 crosses between moving average. One is a kiss of death (bye bye) and one, lately, might be bullish. - Remarkable result where price landed over both moving average. - An ascending triangle which gives good odds to break upward. - A strong resistance under 0.0031 - Volume rising a bit. *...
A question ? Leave it in a comment. PS: the chikoun span (aka lagging span) has been voluntarily hidden for a better and clean viewing. PSS: small error: at the right--> Tenkan and Kijun well oriented (DOWN) and not UP.
This link () shows side-by-side chart with weekly on left panel and 4-hour on the right panel. Price is moving up and through the weekly Kumo and is looking at good support here. CMO suggests 4-hour is oversold within the context of strong larger trend.
After trading the Pound to the short side off after the March high E-Target was identified, it went into a consolidation pattern and though it came close to the 61.8% retracement, it never closed above it. This kept the Short N-target in play. Price has started moving away from the Tenkan-sen and I would expect to see a reversal sometime in the next two weeks...
Update Ichimoku Indicator to Show Correct Plot Names For Alerts. Added ability in Inputs Tab to Turn On/Off Cloud Color Change Based On Trend. Indicator Code Link: