nacholf

nacholf

After a brief venture in 49k territory yesterday, BTCUSD struggling to overcome the upper limit (SSA) of the Kumo Cloud, in a moment of direction uncertainty among traders. Staying too long below 48200 level would risk to consolidate a bearish Double Top formation which could bring price down to the lower limit of the Kumo Cloud at least. However, a firm move...

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The 4H chart with Ichimoku has been working very nicely with BTCUSD. After bouncing off of the top of the cloud yesterday, the price encountered the resistance of the Kijun line and dropped again, now testing Span B (the red line at the bottom of the cloud) which is considered a stronger support than Span A. The price around 46900k seems reacting nicely and if the...

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BTUSD tested nicely the 200MA on the daily chart as a support, with prices trying to test again the seemingly strong resistance at 48k USD. Ichimoku indicators are all currently bullish on the daily chart with the Chikou span free to move up north and both Kijun and Tenkan pointing upwards. The 50k area still constitutes a strong resistance area and thus I would...

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BTC price against USD on the daily chart officially resumed its bullish trend after a spectacular 10-days green streak, with the daily candle finally piercing through the Kumo cloud. Some other positive signals give strenght to the bullish direction of the price in the near term specifically: Bullish T/k cross future cloud turned green However, the...

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Price action on the daily chart on BTCUSD is currently fighting against EMA200 which is acting as a strong resistance at the moment. On the 4H chart it is possible to see that the price tried to break through the EMA200 succeeding for a brief period before returning back below. An important movement is decided here: if price action can close decisively above...

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Price action on the Daily chart is currently breaking the hard earned .236 Fibonacci level to the downside. If price fails to close above 38200 today then it possibly could continue the downward movement back to 30k levels.

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As expected, price action breaking out from the Ichimoku cloud showed positive bullish momentum for BTCUSD on the daily chart. After a brief retest of the Kijun Span as a support, price bounced back up nicely and there are no particular resistance areas at the moment, considering also that the Chikou span is now pointing upwards and free from any blockage. The...

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The price has successfully crossed both the Kijun line and the upper limit of the Ichimoku cloud, which is a strong bullish signal and shows positive bullish momentum. At the moment the price is retesting the Kijun line as a support. The Kijun is a strong support/resistance level and if it holds (here at around 55900) price will likely bounce back resuming the...

nacholf Updated 

The BTCUSD price action on the daily chart is facing the resistance of the Kijun line (in the circle) in the Ichimoku setting at around 55900 and is currently retracing. A retracement to the bottom of the cloud at around 52400 is possible before resuming the upward trend in the short term. A break of the bottom of the cloud instead, could usher the way to a new...

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Span B of the Ichimoku cloud (red line) tested yesterday but succesfully contained the downward movement. It is still holding at the moment providing nice support around 49600 with price action struggling to go below it. today and tomorrow will be key in determining the direction of btc in the short to mid term.

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Price action on BTCUSD daily chart have fallen through the Ichimoku cloud. It it the first time this happens since the price was around 10k in Sept/Oct 2020. If today's daily candle fails to close above 49600 then there is little that can stop BTC from falling down al least to EMA200 around 39300. However, if we see a rebound today with price staying within the...

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BTCUSD 4h price bounces off the bottom of the cloud and points back upwards after also breaking the Kijun line and retested it as support. If price action can break above 58250 (upper limit of the cloud) then the next obstacle to ATH should be the upper limit of the channel at 58800. Bullish in the short term.

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A strong bullish setting on the Ichimoku system has formed on the 4h chart of BTCUSD. at least 4 different signs of a bullish trend are visible: 1. A strong bullish T/K cross formed above the cloud 2. Lagging span free with no resistance in sight 3. Kijun line is pointing upwards 4.Future cloud is green We therefore might see a retest of previous ATH at around...

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Shooting star forming on monthly BTCUSD chart. Looks like bearish months are ahead. Also notice how every green month with long upper shadows is followed by a bearish trend.