ttt4567

Bitcoin Ichimoku Cloud analysis

BITFINEX:BTCUSD   比特币/美元
Hello!

DISCLAIMER:
THIS IS NOT TRADING ADVICE AND NOT FINANCIAL ADVISE.
I AM NO FINANCIAL ADVISOR AND I AM NOT RESPONSIBLE FOR ANY LOSSES YOU MAKE. DO YOUR OWN RESEARCH, ONLY YOU ARE ACCOUNTABLE FOR YOUR ACTIONS!

I have to note I am somewhat of a beginner analyst but I want to publish this for myself and have a look in some months if I was correct or not. Today I read more about the Ichimoku Clouds which are very interesting to me.

Description of what is happening in the chart:
- The three red lines are the Fibonacci Retracements from the very top (17th December) to the very bottom ( 6th February), levels are ~14.600$ (FB3), ~12.940$ (FB2) and ~11.390$ (FB1).
- long term trendline ( LT )
- Ichimoku Cloud with it's lines

My conclusion:
We can see that we have been trading under the lowest line of the Ichimoku Cloud for quite some time now, which is bearish .
The interesting point is today, we might be witnessing a cross of the conversion line (blue) through the base line (light red), which indicates a weak bullish point. Bullish because of the cross, weak because we are still under the Ichimoku Cloud .
I am thinking that we might stay in this trading channel ("TC") until we meet the long term trendline ("LT") as indicated by the arrows.

Then, in my opinion, there are two scenarios:
1) We might stay above the fibonacci retracement line ("FB1") and push trough the Ichimoku Cloud . (unlikely in my opinion since the Ichimoku Cloud is still very thick)
or 2) It could happen that we will then trade on and around the long term trendline ("LT") which is very close to the Lead 1 line (green) of the Ichimoku Cloud up until the deciding point ("DP"). By then, the Ichimoku Cloud should have narrowed up.

It is to note that every day that passes, we can see more and more of what is going to happen because the Ichimoku Cloud will advance more into the future, so we might be able to predict better in the upcoming days.

Thank you for reading.
As I said, I am quite a beginner and I might have used some indicators wrong so feel free to correct me + publish your opinion in the comment section.
If you liked this chart, feel free to give it a thumbs up and let me know if you want me to follow up on this idea.

DISCLAIMER:
THIS IS NOT TRADING ADVICE AND NOT FINANCIAL ADVISE.
I AM NO FINANCIAL ADVISOR AND I AM NOT RESPONSIBLE FOR ANY LOSSES YOU MAKE. DO YOUR OWN RESEARCH, ONLY YOU ARE ACCOUNTABLE FOR YOUR ACTIONS!
评论: Seems like the idea was correct lol.

Still, NO financial advise. Only an idea.
评论: Decision time!!
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