Tin.Foil
做多

#BTC + Ichimoku Daily Chart History - In the side, Out the top!

COINBASE:BTCUSD   比特币/美元
In this trend analysis, I want to show that in the last 4 years, Bitcoin has continually entered into the side of an Ichimoku support/resistance cloud and the majority of the time, it comes out the top of the cloud. This tells us that we will see the current sideways and downward movement actually turn upward and come out on top, somewhere between $11,000 and $11,500 within the next 21 days.

This first image is of the current Ichimoku cloud (RED area). We entered into the side of this cloud, meaning we will come out on top.

I will show, going back in history on the daily charts , all the way back to 2013, where we see this pattern continues to happen the same way. I reviewed this yesterday and I found one instance out of about 15-20 where the pattern breaks down.

Keep in mind, this is only on the 1D chart. 4H and other charts will act slightly different. But 1D Ichimoku charts have at least a 4 year crypto history we can review and verify the probability.

Stay tuned for the next images.
评论: This example is the last time we entered the side and came out the top. It almost looks like we entered the bottom, but in reality, there was downward movement on the edge of the cloud, so I'm calling it a sideways entry point, with exit at the top.

Sept 3rd, 2017
评论: Another example, entering the side (technically) and coming out of the top. Sometimes a top exit or a bottom to top will result in an immediate return through the cloud in the opposite direction. In this case, we had the nearly immediate return and then we recovered inside the cloud (within the support area) and were able to come out the top again to begin the next rally.

Feb 17th, 2016
评论: This is another good example of entering the side of the cloud and coming out the top. Notice the prior drop from $300 before the next rally to $420.

Sept 23, 2015
评论: This example shows us that we entered again, into the side, however, we were forced down and out the bottom, only to build pressure and regain entry and push out the top. I count this as a side entry with top exit.

May 10, 2015
评论: Coinbase history doesn't go back far enough, so I'll switch to another exchange to continue the Ichimoku cloud review from there. Different exchanges have slightly different patterns, but most of the time, they are very close and the probability is similar.

评论: Here we see we enter the side and come out the top again (Bitfinex).

Feb 14th, 2015
评论: This one is different. It shows us more entering the bottom, being pushed down shortly after exiting the top. Because the bottom wasn't flat and it wasn't downward facing, it was actually facing upward, so I consider it not a side entry, but a full on bottom entry, so the top exit wouldn't be normal, or at least would not be consistent long term for a rally. This would probably fake me out if we seen it happen today and I would make the wrong call thinking we were about to rally.

Nov 12, 2014
评论: This one shows that the market was very unpredictable at this time. I remember trading these periods and losing most of my coin. We see a bottom entry here, where the bottom isn't flat, it's on an upward movement one day, then it changes 100% the next day to a downward movement, giving the appearance of a side entry. It's not a side entry, it's a bottom entry, coming out the top, in a sideways market, resulting in a slight rally that is kicked back about 3 months later.

May 20, 2014
评论: This is as far back as my Bitcoin history goes. I invested in my first partial Bitcoin when Bitcoin was right around $100. I believe it was early Oct 2013, possibly right around the time of this red dip.



Hopefully this gives you some good insight as to what I look at for Ichimoku on 1D charts with crypto. All standard Ichimoku settings (9, 26, 52, 26).
评论: Compare this to May 10th, 2015.

Notice the uptrend length and the downtrend would break at the same time as my curve breaks above $10.6k. I'm not concerned about this drop, even though I lost a nice chunk of my diversified portfolio yesterday.

I believe in Bitcoin and I will wait for it to rise again, cuz you can't kill the Bitcoin.



The news that may hold us down and break this cycle unless you bulls get in there, buy and hodl.

https://www.ccn.com/bitcoin-drops-8300-m...
评论: Call me crazy.. that's why I wear this tinfoil hat, so your conspiracies of Bitcoin crashing can't mess with my brainwaves.

评论: Sell off volume is not terrible. If I was to take a guess here, I'd say most of this sell off is attributed to the Mt. Gox sell off and the majority of crypto holders are holding their BTC until it returns to regular or higher values.

Also, comparing recent sell off volume to prior buy volume around the end of last year, we're still not selling extremely heavily. This leads me to believe that the price will likely stabilize and go sideways for a bit, before moving back upward while the Gox sell off continues, allowing Gox to liquidate their BTC.

We also see that in the recent sell off volume, there was a decent spike of buys, which likely happened because people are seeing that we're near the bottom of this phase.

Thinking about it, we either have a large wedge or a massive bullish pennant forming and if we break above this pennant/wedge, then the market could really go crazy.

Based on my chart, it's possible we could break out of this wedge around the end of March (2 weeks) and that will set the stage for some very nice rallies.

That being said, to get to that point, we'll have to gain 25% before we break out.

评论: On the money?
评论: And this one?
Break on through to the other side indeed...
回复
oh boy, seriously, just delete your account
回复
Tin.Foil arandon
@arandon, I just upgraded! I hope you enjoy.
+1 回复
arandon Tin.Foil
回复
Yes, really frustrating to have an unknown aspect of when they will offload the rest of their coins, with what technique... will they protect/respect the market or not give a shit...

If btc/bch are mainly exposed here it’ll be interesting to see if other alts get a boost once the dust settles as a consequence..
回复
Thanks for your hard work!! Very informative
+2 回复
thanks for your tie and teach, great job,,
+2 回复
Great job Tin Foil, keep commenting and sharing your ideas..do not hear unbelievers and trolls!
+2 回复
Try Bitstamp chart. Also, you can merge Mt. Gox chart with Bitstamp.

8k incoming. Set your buy orders.
回复
We're probably going to get into a period of sideways movement for the next few weeks which will be great for altcoins.
回复
ZH 简体中文
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
SV Svenska
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 繁體中文
AR العربية
HE עברית
首页 股票筛选器 外汇筛选器 加密货币筛选器 财经日历 如何运作 图表功能 网站规则 版主 网站 & 经纪商解决方案 插件 图表库 功能请求 博客 & 新闻 常见问题 帮助 & 维基 Twitter
概述 个人资料设置 账号和账单 我的客服工单 联系支持 已发表观点 粉丝 正在关注 私人消息 聊天 退出