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...
CADCHF is trending up according to Ichimoku on the 4H and 1H chart. Additionally, CAD is showing strength, and CHF weakness, on currency-strength.com Ichimoku criteria: 1. Kumo angled up + thick 2. Price above Tenkan-Sen 3. Tenkan-Sen and Kijun-Sen angled up 4. Chikou above price I am looking for a long entry on lower timeframes to follow this trend.
I have taken an intraday long position on AUDUSD using the 1H and 15m charts for confluence. Each chart shows: 1. Thick Kumo Angled up 2. Tenkan-Sen+Kijun-Sen angled up 3. Chikou above candles We are also in the first leg of a Kumo breakout according to the 1H chart. I entered on the labelled resistance breakout. Ichimoku is somewhat bearish on the 4H chart,...
USDJPY is bullish on the 4H timeframe according to Ichimoku. 1. Kumo is thick and angled up 2. Tenkan-Sen and Kijun-Sen are angled up 3. Chikou Span is above the candles 4. Price has cleared recent horizontal resistance. I entered a long position at the break of horizontal resistance. I am holding with a target price of 128.959 as this is the Ichimoku V price...
S&P500 (via E-mini futures) is still bearish on the 4H Ichimoku chart. There are three hurdles that it needs to pass before I will look for a long position: 1. Price action resistance at 4455 2. Resistance from the future Senko Span B at 4442 3. Price is still under the cloud I would look for long positions if it clears these three hurdles and we have a Kumo...
DAILY (D1) Yesterday's price action triggered a second long white candle in a row, which broke on a closing basis (41'505) the upside triangle trigger level @ 41'115 which should, potentially activate the triangle technical target, calling for a move towards 43'400 , which is also, by the way, projected in the next days the top of the daily clouds resistance...
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 @...
#ATOM short term update : Identified this area to be a key one for the next days : -Range between $22.966 and $23.807 -> If we go higher, next target are both Daily Tenkan & 4h Cloud, $24.93 -> If we go lower, breakout of Monthly Kijun prices could test $20.11 Let's wait and see !
WEEKLY (W1) The last weekly closing was @ 39'691, just below the bottom of the weekly clouds support area !!! As already mentioned several time the CLOUDS SHOULD NEVER BE UNDERESTIMATED on both sides, either on the UPSIDE as a RESISTANCE area and on the DOWNSIDE as a SUPPORT area. Therefore, ongoing price action which will take place this week will be...
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...
Looking at the DAILY picture, we can see a TRIANGLE PATTERN IN PROGRESS, with the breakout levels , currently and respectively : @ 41'320 on the upside and @ 39'574 on the downside I MPLICATIONS ON A DAILY BASIS CLOSING LEVEL : upside breakout : TARGET @ 43'659 (currently the Mid Bollinger Band and the Kijun-Sen) downside breakout out : TARGET @...
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...
WEEKLY (W1) Last week price action triggered a LONG BLACK CANDLE (BEARISH SIGNAL) which managed to close above the Tenkan-Sen @ 41'279. The ongoing candle, firstly broke, yesterday, the TENKAN-SEN and went lower towards the bottom of the weekly clouds which act, for the time being as support.. In order, in this weekly time frame to neutralise the selling...
Target hit, 5%-6% in SHORT ! From this level, I'll wait to see if the kumo will sustain the price, if not...short after cloud break until the RSI is oversold. 12th of april is the candle of truth!
DAILY (D1) Second daily closing in a row below the KIJUN-SEN (KS) ! As mentioned in my yesterday's analysis, a failure to recover and close above the KIIJUN-SEN, which is now @ 43'549 would increase the risk for further downside in putting the focus for the next support area around 41279, being the weekly TENKAN-SEN (or conversion line) , ahead of the...
DAILY (D1) Yesterday's price action triggered a long black candle ( BEARISH ENGULFING ) with, and IT IS VERY IMPORTANT, ITS DAILY CLOSING LEVEL (@ 42'290) , for the first time, since a while, BELOW THE KIJUN-SEN !!! This move must not be underestimated and must be taken very seriously. Indeed, the KIJUN-SEN was the last significant support to look at ...
After 4 unsuccessful attempts to break through the 44k-45k zone, the 5th attempt came but without enough volume to sustain the price above 45k. In other words, the 40.5k-41.3k area is waiting for us. THE CLOUD, never lies ! POTENTIAL PROFIT > 5% < SHORT
WEEKLY (W1) Ongoing price action is showing the BITCOIN , roughly in the middle of the clouds support area (48'517 - 38'152); as long as the BTC is not able to recover and hold on a weekly basis closing above the top of the clouds area, the downside risk is still alive. DAILY (D1) After having reached, yesterday an intraday low of 42'741, the BTC managed,...