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LTC : Likely Repeating 2020 Fractal 📈Hi Traders, Investors and Speculators of Charts📈📉 LTCSDT / Litecoin is looking ready for another bullish cycle after a clear completion of the Elliot ABC correction Waves. We see a very similar pattern playing out during 2020 and it gives us a good idea of what to expect from LTC before another parabolic rally. While you're here 👋 Check out this idea on CRV : _______________________ 📢Follow us here on TradingView for daily updates and trade ideas on crypto , stocks and commodities 💎Hit like & Follow 👍 We thank you for your support ! CryptoCheck CRYPTOCAP:LTC BINANCE:LTCUSD.P BYBIT:LTCUSDT COINBASE:LTCUSD BINANCE:LTCUSDT
Long
by CryptoCheck-
39
CRV : Time to LET GO of a Sinking DEX?Hi Traders, Investors and Speculators of Charts📈📉 One of the most important lessons you can learn in life is when it's time to let go. This holds true, even for crypto. A recent hack caused a significant amount of damage to Curve Finance. As we thought the price of CRVUSDT couldn't possibly go any lower... CRV, Curve's native token, plummeted and is now nearly falling off my screen. On July 30, Curve Finance was hacked for over $73 million worth of crypto. The hacker exploited a reentrancy vulnerability in Curve's code to drain liquidity from multiple pools. (For Nerds): A reentrancy vulnerability is a type of exploit that occurs when a function calls another function, and the second function calls back to the first function. This can create a situation where the first function can call itself infinitely, which can lead to a denial-of-service attack or a financial exploit. In the case of the Curve Finance hack, the hacker exploited a reentrancy vulnerability in the code for Curve's stablecoin swap function. The swap function allows users to swap one stablecoin for another. The hacker exploited the vulnerability by calling the swap function multiple times, each time withdrawing more liquidity from the pool. This caused the pool to become depleted, and the hacker was able to steal the remaining funds. Reentrancy vulnerabilities are often found in smart contracts. Smart contracts are often used to automate financial transactions, and they are therefore often targets for hackers. The anon hacker has since returned over $61 million worth of the stolen funds, but the remaining $12 million worth of funds is still missing. AS YOU GUYS ALL KNOW, If you've been following me for a while , as soon as I see a > -95% drop in a coin's value WITHOUT a quick recovery... I can't help but lose faith. It's an obvious sign that the demand is lacking, the project has no real interest from the market. I feel sorry for the team; they've been around for a while and it's a well-know project. This hack was really the last thing that they needed. BUT, it happened and unless they can come up with great new way to add value to CRV, I won't be holding any more CRV. _______________________ 📢Follow us here on TradingView for daily updates and trade ideas on crypto , stocks and commodities 💎Hit like & Follow 👍 We thank you for your support ! CryptoCheck CRYPTOCAP:CRV BINANCE:CRVUSDT BINANCE:CRVUSDT.P BINANCE:CRVUSDT.P
Short
by CryptoCheck-
43
MicroCap Spotlight: Fightout - Coin for FITNESS RewardsHi Traders, Investors and Speculators of Charts📈📉 Here's a microcap that I'm extremely bullish on; Fightout Coin. Although not listed widely on exchanges yet, you can get this coin by swapping it for ETH on Uniswap and Coinbase. Fight Out is developing an ecosystem that will reward people for keeping fit. Each and every fitness regime will be tracked in real-time via the Fight Out app. Users will earn rewards for completing tasks and playing games in the Fight Out metaverse. For example, let's suppose that the user is interested in cardio exercises. The Fight Out app might set a series of treadmill challenges, where the user needs to complete a 1km sprint in a certain timeframe. As the user completes each challenge, they will receive tokenized rewards. In addition to personal challenges, users can also compete against other Fight Out players. This will be conducted in the Fight Out metaverse and will include one-vs-one competitions as well as larger tournaments. For example, 100 users could enter a 20km bike race, but in their own physical location. The race would be viewed in the metaverse, providing a truly immersive experience. We also like that users will have their own avatar in the Fight Out metaverse. The avatar will mirror the progress made by the user, in terms of their fitness achievements. When it comes to rewards, Fight Out makes distributions in REPS. The tokens can be used to purchase in-game items within the Fight Out metaverse. This includes boosters that enable users to amplify the number of REPS tokens earned. REPS can also be used to buy merchandise or swap for FGHT, the main utility token of the project. FGHT is also the micro-cap token that enables users to invest in Fight Out FGHT it is also gaining popularity on different social media platforms. As an example, Fight Out has already gained over 60K followers on Twitter, which is great for a microcap. An active social media team provides a great way for interested parties to learn more about the Fight Out project; stay updated for any platform updates and be a part of the larger community. The presale turned out to be very successful for Fight Out, although since the presale closed the coin has lost 85% of its price. This however, is a great opportunity to accumulate at a really low price. Due to the nature of the product, I don't expect this coin to surpass $1, at least not anytime soon. For now, more realistic targets would be the opening price _______________________ 📢Follow us here on TradingView for daily updates and trade ideas on crypto , stocks and commodities 💎Hit like & Follow 👍 We thank you for your support ! CryptoCheck UNISWAP3ETH:FGHTUSDT_7C7B2A.USD
FLong
by CryptoCheck-
22
LINKUSDT - $12 Likely during 2023Hi Traders, Investors and Speculators of Charts📈📉 Chainlink ( LINKUSDT) has recently made some big increases and it seems like this altcoin isn't done yet. The Technical Indicator in the Daily timeframe is extremely bullish; we see a bullish cross on the trendlines. From the weekly, we can clearly identify the market cycle of accumulation phase as being completed. In other words, we're at the foot of a new bullish cycle. You may need some patience for the second target, but a first target of 8.8 is very reasonable for the short term. _______________________ 📢Follow us here on TradingView for daily updates and trade ideas on crypto , stocks and commodities 💎Hit like & Follow 👍 We thank you for your support ! CryptoCheck ________________ CRYPTOCAP:LINK BYBIT:LINKUSDT.P COINBASE:LINKUSD BINANCE:LINKUSDT
Long
by CryptoCheck-
23
LTCUSDT Rallies 38%, PULLBACK LikelyHi Traders, Investors and Speculators of Charts📈📉 We are seeing a correction on LTCUSDT after a 38% increase and it's time to secure those profits! LTCUSD is likely to correct to the next immediate support zone where you can either 💥take a swing trade and short, or 💥 wait and accumulate more at the demand zone back in the $90's Previous Litcoin Update : _______________________ 📢Follow us here on TradingView for daily updates and trade ideas on crypto , stocks and commodities 💎Hit like & Follow 👍 We thank you for your support ! CryptoCheck _______________________________ COINBASE:LTCUSD CRYPTOCAP:LTC BINANCE:LTCUSD BITFINEX:LTCUSD KRAKEN:LTCUSD BINANCE:LTCUSDT KRAKEN:LTCUSDT POLONIEX:LTCUSDT PHEMEX:LTCUSDT
Short
by CryptoCheck-
25
Litecoin - $200 on the horizon: FRACTALHi Traders, Investors and Speculators of Charts📈📉 From the charts; a macro view on LTCUSDT with Fibonacci Retracement, Cycle analysis and Time Frame analysis : By taking a detailed look, you can clearly see that the next phase bound to happen is the bullish phase, and Litecoin is no stranger to parabolic upside movements. The fractal we're looking at in turquoise happened around the same resistance zone that we're currently facing. Three bullish signs are: ✅ Consolidation under resistance zone / bullish ✅ Higher Lows - buyers are buying up dips ✅ Bullish Technical Indicator CryptoCheck START v3.5 Even thought the price may continue to trade range bound for a period of time, the next big market cycle is clearly the bullish phase. Incase you missed it ! Here's yesterdays analysis on SOLUSDT : _______________________ 📢Follow us here on TradingView for daily updates and trade ideas on crypto , stocks and commodities 💎Hit like & Follow 👍 We thank you for your support ! CryptoCheck CRYPTOCAP:LTC BINANCE:LTCUSD.P BYBIT:LTCUSDT.P BYBIT:LTCUSDT BITFINEX:LTCUSDLONGS COINBASE:LTCUSD BINANCE:LTCUSD BINANCE:LTCUSDT KUCOIN:LTCUSDT KRAKEN:LTCUSDT
Long
by CryptoCheck-
53
SOLUSDT - As GOOD as it Gets BUY ZONEHi Traders, Investors and Speculators of Charts📈📉 Solana / SOLUSDT has some GREAT upside potential from this point, and SOL is no stranger to parabolic upside movements. We know this because: ✅ SOLUSDT Macro Cycle analysis shows Accumulation Phase ✅ SOLUSDT established a clear bottom with CryptoCheck START v3.5 RSI showing oversold ✅ SOLUSDT is currently trading rangebound AFTER bearish cycle has completed ✅ According to market cycle / phase analysis, the next step to follow is the bullish cycle ✅ Clear support zone & resistance zone -ranges can be identified by using Technical Indicators Even thought the price may continue to trade range bound for a period of time, the next big market cycle is clearly the bullish phase. It may take some patience on the trader's side, but this is an ideal buy zone for the accumulation phase. _______________________ 📢Follow us here on TradingView for daily updates and trade ideas on crypto , stocks and commodities 💎Hit like & Follow 👍 We thank you for your support ! CryptoCheck CRYPTOCAP:SOL BINANCE:SOLUSDT BINANCE:SOLUSD COINBASE:SOLUSD BYBIT:SOLUSDT.P BINANCE:SOLBTC BINANCEUS:SOLUSD CRYPTOCAP:SOL.D KRAKEN:SOLUSD OKX:SOLUSDT.P
Long
by CryptoCheck-
42
ADAUSDT - Bottoms In, Bullish EngulfingHi Traders, Investors and Speculators of Charts 📈📉 ADAUSDT seems to have finally bottomed out at 23c or 21c, depending on the exchange you're using. This concludes the completion of the bearish Head and Shoulders pattern in the daily timeframe. After this long wick towards a major demand zone / support zone , there has been a bullish engulfing candlestick in the weekly timeframe which is extremely bullish for Cardano. We also observe a similar pattern playing out back in Feb 2020, when another long wick formed followed by a strong v-shaped recovery. This was the start of the next major bull run for Cardano. Is the bullish price action on Cardano as a result of the recent Hydra update? 🤔 _______________________ 📢Follow us here on TradingView for daily updates and trade ideas on crypto , stocks and commodities 💎Hit like & Follow 👍 We appreciate your support ! CryptoCheck __________________________ CRYPTOCAP:ADA BYBIT:ADAUSDT.P BINANCE:ADAUSDT BINANCE:ADAUSD.P COINBASE:ADAUSD BINANCE:ADAUSD OKX:ADAUSDT.P KRAKEN:ADAUSD BINANCE:ADABTC
Long
by CryptoCheck-
48
ETHUSDT Reaching for $2K and BEYOND📈Hi Traders, Investors and Speculators of Charts 📈📉 Ethereum has made a clear turnaround to the upside after a successful retest of support zone $1600 and we observe some additional bullish price action on the ETHUSDT chart: 👉 Lower Highs / Chart- and Trendline Analysis 👉 Double Bottom Candles / Candlestick Analysis 👉 Strong V-Shaped Recovery - Chart Analysis 👉 Buy from Technical Indicator / TA Analysis The most likely next stop for ETHUSD short-term is the psychological resistance zone of 2K and then beyond in the near-term, possibly around $2300. _______________________ 📢Follow us here on TradingView for daily updates and trade ideas on crypto , stocks and commodities 💎Hit like & Follow 👍 We appreciate your support ! CryptoCheck BITSTAMP:ETHUSD COINBASE:ETHUSD BINANCE:ETHUSD INDEX:ETHUSD BITFINEX:ETHUSD KRAKEN:ETHUSD CRYPTO:ETHUSD BINANCE:ETHUSDT BYBIT:ETHUSDT COINBASE:ETHUSDT
COINBASE:ETHUSDLong
by CryptoCheck-
27
All alts with this Chart Pattern will fly. Being Accumulated.My previous post on Bitcoin was wrong. Despite seeing a hidden bearish divergence signal, they sometimes appear falsely at bottoms when reversing. While looking at alts, I noticed this about them. Zooming in to hourly time frames (I got several points of confirmation, including increase in volume with price jump) that all alts with this pattern are being heavily accumulated. This is ground zero of the alt run. You need to buy all alts with this chart. Right. Now.
COINBASE:BATUSDLong
by frosty4321
2
Weekly Analysis BTC via Ichimoku Good start to the week, Let us analyze at a glance the daily chart of BINANCE:BTCUSDT with Ichimoku Kinko Hyo. We use the traditional settings. There are other indicators in the analysis. We have developed and released them Open Source. Trend: Kumo has been red for 26 days and is 4.2% wide. The various lines confirm a downtrend situation and we are below the Kumo, going towards the Tenkan Weekly. The already bearish momentum has been further exacerbated by the lawsuit to Binance by the SEC. The Kijun Trend indicator now indicates looking for short positions, now since May 9, 2023 Heikin-Ashi: Instead, the Heikin-Ashi is communicating uncertainty to us, as we are still inside the Kumo and certainly today's day pushed the price towards the lower end of the Kumo. Supports and resistances: - 28900.00 Chikou cusps and flat areas of Kijun and Tenkan - 27800.00-27900.00 Chikou cusps and flat zones of Kijun and Tenkan - 25000.00 Fibonacci - 24800.00 Chikou cusps and flat zones of Kijun and Tenkan - 24400.00 Chikou cusps and flat zones of Kijun and Tenkan For static price levels, the lower right chart plots the flat zones of Tenkan, Kijun, Senkou Span A and Senkou Span B on different timeframes, and the Chikou for the daily time frame. For dynamic price levels, the Ichimoku lines can be observed: the Tenkan Sen (short term), the Kijun Sen (medium term) as well as the Senkou Span A and Senkou Span B (long term). Conclusions: For the past month the situation is bearish, today after the announcement that the SEC has sued Binance, it has led to fear in the markets, generating a candle at the moment of about -5.5%. There are several allegations: first of all about the fact that some coins are considered as securities(e.g. BNB, BUSD, SOL, SAND, FIL, ADA, MATIC, COTI, ALGO, ATOM, MANA, since they can be staked to generate annuity) and therefore need a license to be managed, non-compliance with the ban towards US users and some suspicious transactions carried out by CZ and on the management of clients' funds. In contrast, Binance has defended itself by rejecting allegations that it maneuvered customer funds and that it has always cooperated--from the creation of binance.us--with the SEC and thus points to the allegations as unjustified. It is possible to find a sideways/rebass ABC pattern indicating the following levels: NT 29230, N 26655, E 24080, V 23296. It is important to evaluate the price close during the week on the following price structures: - Bullish: 27100.00-28700.00 - Bearish/Lateral: 24800.00-28155.00 Altcoin Cycle: For Bitcoin Dominance and Altcoin Cycle we can consider the weekly variation: - Total cryptocurrency market capital: Decreased. - Dominance of BTC: Decreased. - Price of BTC: Decreased. - Alt cycle expectation: Stable. Thanks for your attention, happy to support the TradingView community. Indicators used: Analysis Tool Kijun Trend Indicator Ichimoku Support and Resistance Chikou Support and Resistance
by TheSocialCryptoClub
Why I'm Bullish on XRP: EXTRA for ExpertsHi Traders, Investors and Speculators of Charts📈📉 Ev here. Been trading crypto since 2017 and later got into stocks. I have 3 board exams on financial markets and studied economics from a top tier university for a year 🏫 If you have been following for a while, you'll know I have strong feelings for XRP. (just kidding), but I do believe in the fundamental arguments for XRP, as I have pointed out many times in the past on the videos. But unfortunately, as it goes with XRP, the price hardly moves... Today I take a deep dive into the charting, and explain why I believe upside is finally on the horizon for XRP from a technical perspective. Tomorrow I'll update with an XRPBTC view as well as a technical indicator analysis. _______________________ 📢Follow us here on TradingView for daily updates and trade ideas on crypto , stocks and commodities 💎Hit like & Follow 👍 We thank you for your support ! CryptoCheck CRYPTOCAP:XRP BINANCE:XRPUSDT BITSTAMP:XRPUSD BINANCE:XRPUSDT.P KUCOIN:XRPUSDT BITFINEX:XRPUSD BINANCE:XRPBTC BINANCE:XRPBUSD
Long
by CryptoCheck-
37
Weekly Analysis BTC via Ichimoku Good start to the week, Let us analyze at a glance the daily chart of BINANCE:BTCUSDT with Ichimoku Kinko Hyo. We use the traditional settings. There are other indicators in the analysis. We have developed and released them Open Source. Trend: The Kumo has been green for 41 days and is about 13% wide and is starting to tighten, especially the Senkou Span B is getting lower. The various lines indicate a downtrend situation with a sideways bias. Price has broken the Kijun and is approaching the Kumo and Tenkan Weekly, Tenkan and Kijun have crossed to the downtrend. The Kijun Trend indicator now indicates looking for short positions. Heikin-Ashi: The Heikin-Ashi confirm a downtrend memento, also there Kijun and Tenkan are crossing downward. Supports and resistances: - 32150.00 Fibonacci - 30350.00 Chikou cusps and flat areas of Kijun and Tenkan - 30000.00 Psychological threshold - 29800.00 Chikou cusps and flat zones of Kijun and Tenkan - 27950.00 Fibonacci - 25000.00 Fibonacci - 24800.00 Chikou cusps and flat zones of Kijun and Tenkan For static price levels, the lower right chart plots the flat zones of Tenkan, Kijun, Senkou Span A and Senkou Span B on different timeframes, and the Chikou for the daily time frame. For dynamic price levels, the Ichimoku lines can be observed: the Tenkan Sen (short term), the Kijun Sen (medium term) as well as the Senkou Span A and Senkou Span B (long term). Conclusions: The situation has changed a lot since the last analysis, where the Heikin Ashi presents a series of red candles and the next support is the Kumo itself. It is possible to find a sideways ABC pattern indicating the following levels: V 23400, E 25215, N 29015, NT 32815. It is important to evaluate the price close during the week on the following price structures: - Bullish: 28700.00 - Bearish/Lateral: 26500.00 Altcoin Cycle: For Bitcoin Dominance and Altcoin Cycle we can consider the weekly variation: - Total cryptocurrency market capital: Decreased. - Dominance of BTC: Decreased. - Price of BTC: Decreased. - Alt cycle expectation: Stable. Thanks for your attention, happy to support the TradingView community. Indicators used: Analysis Tool Kijun Trend Indicator Ichimoku Support and Resistance Chikou Support and Resistance
by TheSocialCryptoClub
Weekly Analysis BTC via Ichimoku Good start to the week, Let us analyze at a glance the daily chart of BINANCE:BTCUSDT with Ichimoku Kinko Hyo. We use the traditional settings. There are other indicators in the analysis. We have developed and released them Open Source. Trend: Kumo has been green for 34 days and is about 12.9% wide. It has widened and is now flat. The various lines indicate a general uptrend situation with a momentum of long-term laterality and a short-term retracement The price today touched the Tenkan and in less than 2% could touch the Kijun. The Kijun Trend indicator is looking for long positions. Heikin-Ashi: The Heikin-Ashi confirmed with today's candle a retracement. Supports and resistances: - 32150.00 Fibonacci - 30350.00 Chikou cusps and flat zones of Kijun and Tenkan - 30000.00 Psychological threshold - 29800.00 Chikou cusps and flat zones of Kijun and Tenkan - 27950.00 Fibonacci - 25000.00 Fibonacci - 24800.00 Chikou cusps and flat zones of Kijun and Tenkan For static price levels, the lower right chart plots the flat zones of Tenkan, Kijun, Senkou Span A and Senkou Span B on different timeframes, and the Chikou for the daily time frame. For dynamic price levels, the Ichimoku lines can be observed: the Tenkan Sen (short term), the Kijun Sen (medium term) as well as the Senkou Span A and Senkou Span B (long term). Conclusions: The situation is bullish after crossing the psychological threshold of 30000.00 and it is now in a retracement. It is possible to find a sideways ABC pattern indicating the following levels: V 23400, E 25215, N 29015, NT 32815. It is important to evaluate the price close during the week on the following price structures: - Bullish: 30387.00 - Bearish/Lateral: 29400 Altcoin Cycle: For Bitcoin Dominance and Altcoin Cycle we can consider the weekly variation: - Total cryptocurrency market capital: Increased. - BTC Dominance: Decreased. - Price of BTC: Increased. - Alt Cycle Expectation: Strong growth. Thanks for your attention, happy to support the TradingView community. Indicators used: Analysis Tool Kijun Trend Indicator Ichimoku Support and Resistance Chikou Support and Resistance
by TheSocialCryptoClub
🔥 Bitcoin Dominance Falling: Alt-Season Finally Starting?In my most recent analysis on BTC.D I wrote that we were at an important resistance area. We would either blast through the resistance, and continue the Bitcoin-only bullish move, or we'd see a reversal where alts would start to outperform Bitcoin by a large margin. As seen on the chart, BTC.D has seen a reversal from the top resistance area. This has given alts, especially ETH, more room to grow. I'm not entirely sure whether we're going all the way back down towards the bottom support, but at least we can get a couple of weeks with better alt returns? For now, I'm assuming that the decline in Bitcoin dominance is temporary, so let's enjoy the alts while it lasts.
CRYPTOCAP:BTC.DLong
by FieryTrading
8
ALTCOINS: Key Comparison Shows Altcoin Market Is Ready To FlyHello All, The market has had a great year! Everything has been playing out nicely. BTC has risen more than most & now we have ETH making yearly highs. Do we know what is next? ALTS! It has happened too many times in this order. (First bottom, then entire market bounces, then entire market corrects, then BTC outperforms along with some alts, then ETH outperforms along with some alts, then rest of alts catch up.) Everything now points to the idea that ALTS are about to run hard! In this idea, I am comparing the TOTAL crypto market cap (BTC & ETH & all others) to the altcoin market cap (excluding BTC & ETH & stablecoins). As we can see, the altcoin market cap has been severely lagging behind the total crypto market cap (mainly because of BTC & ETH outperforming). The total crypto market cap has just fully cleared its August 2022 swing high. Altcoins are nowhere near there yet! As seen with the orange trendline drawn, when TOTAL broke over it, it has rallied straight past the 200MA and onto its first HTF higher high! Altcoins just broke this same orange trend line! Next up is the 200MA and then the August 2022 swing high. This seems like a high conviction play. Keep close eyes on your favorite alts. Thanks for reading! Please comment and like!
CRYPTOCAP:TOTAL
by traderview2
Weekly Analysis BTC via Ichimoku Good start to the week, Let us analyze at a glance the daily chart of BINANCE:BTCUSDT with Ichimoku Kinko Hyo. We use the traditional settings. There are other indicators in the analysis. We have developed and released them Open Source. Trend: Kumo has been green for 28 days and is about 10.8% wide. It has widened and is looking upward. The various lines indicate a general uptrend situation. The Kijun Trend indicator indicates looking for long positions. Heikin-Ashi: The Heikin-Ashi confirms the bullish momentum with no shadows below. This points us to some market strength. Supports and resistances: - 32150.00 Fibonacci - 30350.00 Chikou cusps and flat zones of Kijun and Tenkan - 30000.00 Psychological threshold - 29800.00 Chikou cusps and flat zones of Kijun and Tenkan - 27950.00 Fibonacci - 25000.00 Fibonacci - 24800.00 Chikou cusps and flat zones of Kijun and Tenkan For static price levels, the lower right chart plots the flat zones of Tenkan, Kijun, Senkou Span A and Senkou Span B on different timeframes, and the Chikou for the daily time frame. For dynamic price levels, the Ichimoku lines can be observed: the Tenkan Sen (short term), the Kijun Sen (medium term) as well as the Senkou Span A and Senkou Span B (long term). Conclusions: The situation is bullish after crossing the psychological threshold of 30000.00. It is possible to find a bullish ABC pattern indicating the following levels: NT 27892.34, N 29876.78, V 31169.78 and E 31867.22. It is important to assess the price close during the week on the following price structures: - Bullish: 30387.00 - Bearish/Lateral: 29300 Altcoin Cycle: For Bitcoin Dominance and Altcoin Cycle we can consider the weekly variation: - Total cryptocurrency market capital: Increased. - Dominance of BTC: Increased. - Price of BTC: Increased. - Alt Cycle Expectation: Decreased. Thanks for your attention, happy to support the TradingView community. Indicators used: Analysis Tool Kijun Trend Indicator Ichimoku Support and Resistance Chikou Support and Resistance
by TheSocialCryptoClub
Weekly Analysis BTC via Ichimoku Good start to the week, Let us analyze at a glance the daily chart of BINANCE:BTCUSDT with Ichimoku Kinko Hyo. We use the traditional settings. There are other indicators in the analysis. We have developed and released them Open Source. Trend: Kumo has been green for 20 days and is about 6.3% wide. It has widened and is stable. The various lines indicate sideways/downtrend on the short term, uptrend/lateral on the medium and long term. The Kijun Trend indicator now indicates looking for long positions. Heikin-Ashi: The Heikin-Ashi confirm bullish momentum but we observe wide shadows on the Tenkan and just above, still indicating a sideways momentum. Supports and resistances: - 29800.00 Chikou cusps and flat areas of Kijun and Tenkan - 27950.00 Fibonacci - 25000.00 Fibonacci - 24800.00 Chikou cusps and flat zones of Kijun and Tenkan For static price levels, the lower right chart plots the flat zones of Tenkan, Kijun, Senkou Span A and Senkou Span B on different timeframes, and the Chikou for the daily time frame. For dynamic price levels, the Ichimoku lines can be observed: the Tenkan Sen (short term), the Kijun Sen (medium term) as well as the Senkou Span A and Senkou Span B (long term). Conclusions: The situation is bullish/lateral, given also the proximity of the psychological threshold of 30000.00. Hosoda's N wave of the ABC pattern identified several analyses ago has been centered and is acting as the resistance. It is possible to find a bullish ABC pattern indicating a first V level at 31227.96, NT level at 33467.19, and N level at 35827.10. On the other hand, a lateral/ribassist one indicating NT at 29501.31, and N at 26824.77. It is interesting to see how BTC is recovering having closed a good quarter in conjunction with the problems in the traditional banking system. It is important to evaluate the price close during the week on the following price structures: - Bullish: 29500.00-29800.00 - Bearish/Lateral: 25000-26800.00 Altcoin Cycle: For Bitcoin Dominance and Altcoin Cycle we can consider the weekly variation: - Total cryptocurrency market capital: Increased. - BTC Dominance: Decreased. - Price of BTC: Increased. - Expectation of Alt Cycle: Increased. Thanks for your attention, happy to support the TradingView community. Indicators used: Analysis Tool Kijun Trend Indicator Ichimoku Support and Resistance Chikou Support and Resistance
by TheSocialCryptoClub
Weekly Analysis BTC via Ichimoku Good start to the week, Let us analyse at a glance the daily chart of BINANCE:BTCUSDT with Ichimoku Kinko Hyo. We use the traditional settings. There are other indicators in the analysis. We have developed and released them Open Source. Trend: The Kumo has been green for 13 days and is about 6.40% wide. It has widened and is stable. The various lines indicate an uptrend momentum with a sideways bias in the long term and medium term. In the short term, however, the price is on the Tenkan, indicating a potential bounce or downtrend. The Kijun Trend indicator now indicates looking for long positions. Heikin-Ashi: The Heikin-Ashi confirm bullish momentum and net of one red candle, the rest are green and away from the Tenkan. Supports and resistances: - 29800.00 Chikou cusps and flat areas of Kijun and Tenkan - 25000.00 Fibonacci - 24800.00 Chikou cusps and flat zones of Kijun and Tenkan - 24400.00 Chikou cusps and flat zones of Kijun and Tenkan - 24200.00 Chikou cusps and flat areas of Kijun and Tenkan - 23300.00 Chikou cusps and flat areas of Kijun and Tenkan - 21200.00 Chikou cusps and flat areas of Kijun and Tenkan - 20200.00 Chikou cusps and flat zones of Kijun and Tenkan - 19100.00 Fibonacci For static price levels, the lower right chart plots the Tenkan, Kijun, Senkou Span A and Senkou Span B flat zones on different timeframes, and the Chikou for the daily time frame. For dynamic price levels, the Ichimoku lines can be observed: the Tenkan Sen (short term), the Kijun Sen (medium term) as well as the Senkou Span A and Senkou Span B (long term). Conclusions: The situation is bullish/lateral, given also the proximity of the psychological threshold of 30000.00. Hosoda's N wave of the ABC pattern identified several analyses ago has been centred and is acting as the resistance. It is possible to find two other ABC patterns: one bullish indicating a first level at 31134.30, another indicating a sideways movement where the N wave is at 24417.14 and the NT wave at 33736.10. From a fundamental point of view, it continues to be interesting to see more distressed banks and instead the strength of Cryptos, born precisely out of distrust in the traditional market. In general however, the FED continues to raise rates while the market is responding with a rebound in the stock market. It is important to assess the price close during the week on the following price structures: - Bullish: 28700 - Bearish/Lateral: 25000 Altcoin Cycle: For Bitcoin Dominance and Altcoin Cycle we can consider the weekly variation: - Total cryptocurrency market capital: Increased. - Dominance of BTC: Increased. - Price of BTC: Increased. - Alt Cycle Expectation: Decreased. Thanks for your attention, happy to support the TradingView community. Indicators used: Analysis Tool Kijun Trend Indicator Ichimoku Support and Resistance Chikou Support and Resistance
by TheSocialCryptoClub