When will we see the cornerstone to enter the party zone dear Ethereum fans and Crypto Nation?
Give me your thoughts in the comments💭
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Not financial advice
Do your own research before investing
The content shared is for educational purposes only and is my personal opinion
This is the first "buy signal" the Renko system gives for Bitcoin on the weekly timeframe since the major bear-market.
For confirmation, the week needs to close above $24,000 which is almost a done deal.
This would confirm a change of trend, Renko-wise.
We also have a harmonics pattern and many more signals can be extracted from this chart.
We have a...
There is a lot of debate going on on bitcoin dominance right now and I thought I wanted to get the most out of this picture.
I came up with the idea to take the weekly Renko chart for parsing and leave almost all my usual indicators except EMA (it is not needed here).
And VFI LF is also unnecessary.
So what do we observe, besides a...
ok Now iifl can go up side on the base of 1 day rs model and renko chart study based if stostecic give a break out then we can entry in this with the sl of 1 : 2 and our sl is the basis on the candle stick chart pattern
when you get consolidation like this, sometimes it helps to look at the renko.
hoping we get that final drive with pure exhaustion. feels veery similar to last november.
if we get it, we'll exit these longs and flip short.
The Renko chart for Bitcoin (BTCUSD) on the daily timeframe gave the first buy signal after hitting support on 10-Nov.
This signal was negated 21-Nov. and on the 30-Nov. and 13-Dec. two additional buy signals... Just to be negated again 19-Dec. but this time within a higher low.
It's been a while since we read the Renko chart, we forgot completely about it but...
I have hammered out the aspect Ratios for the ATR Renko. I utilized a 100 bar ATR, for a stable average the bars move around. Being Renko boxes, a matching 100 frequency to the ATR amplitude was false; I needed twice the amps (length) to the frequency (width)...a 50 aspect (100•50). The results confounded my other methodology! The ATR has a bullish pattern,...
Renko analysis shows that Bitcoin is at a critical point. Bitcoin is right below the support/resistance of the Renko swing area. Bitcoin is actually testing this resistance/ support level . Bitcoin's reaction to this support/resistance level is critical. If Bitcoin breaks up this resistance level and enters the swing area again, this can be an important signal...
This indicator is good, it can be utilized for timing entries and exits.
The Cross symbol, is the opening (Bearish or Bullish).
The Square symbol, is a pivot crossing (Bearish or Bullish).
The moving averages, aide the price wave identification.
The settings for Renko:
Seven Bars: a recent wave count with a line graph, on Bollinger Band breaches.
Bitcoin Renko-chart Support zones⬜️🟦🟥
Get a clean view by filter out the noise dear Crypto Nation🔇😉
BTC zones to keep an eye on👀
⬜️$18k - $19k
🟦$16k - $17k
were we are now - green candle might come up🟩
🟥$11k - $13k
Let me know your thoughts in the comments🤗
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The Renko chart shows that Bitcoin is entering a new swing area. This swing area is between $13,000 and $17,000. This should be confirmed in the coming days. If confirmed, Bitcoin could drop to $13,000
Ichimoku analysis of the Renko chart gives a bearish signal. All three conditions are satisfied.
1- There is a red cloud
2- Span legging is under the red cloud
3- A breakdown of the swing pattern has happened
This is a bearish signal.
ContextLogic (WISH) share price does not stop recording continuous and severe losses, while WISH share is trading below the $1 level now. While the sharp bearish tone prevails on the stock, as it traded below the short and long-term exponential moving averages.
Now, on the Renko chart, and taking into account the previous RSI readings, we can learn that the long...
Sometimes you need to calm down and filter out the noise by... RENKO-charts
Every₿ody can see that BTC is at a huge trendline support accumulation 🟢🔴🟢
RT & Follow appreciated 🤗
And tell me your opinion on RENKO-charts dear Crypto Nation 😎
*not financial advice
do your own research before investing