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Renko

BTC USD 4hr Renko 500 brickThere are some signs that the trend is starting to reverse. Looking at the Moku cloud, the bottom of the cloud is starting to curl up. However, the top is starting to curl down, so that balances things out a bit. On the price line itself, the red bricks are still forming downwards, meaning the trend is still clearly negative. We are also below the 10SMA , which signals the trend is here to stay for now. Until the price reverses back above the 10SMA and green bricks start forming above the green area of the Moku cloud, I remain in my shorts.
BITSTAMP:BTCUSDShort
by tanreu
Macro picture of bitcoin accumulation areas and tops - renkoMake of this what you will, I thought this macro perspective was neat. The lack of bullish divergences and the current structure of this formation we are in makes me think we see a further dip down before up unfortunately. We could also hold here at the level of CVD divergence as support. However in this geopolitical climate, anything can happen. The green/red bars off renko candles are periods of divergence between buy/sell volume and price (cumulative volume delta). They act as areas of support/resistance very nicely. If someone can make out a clear bullish narrative from this chart, would love to hear from you. Overall, I remain long
Long
by limetoast
Don`t rush to trade, the market is decidingA look at the technical and on-chain analysis on bitcoin shows that the market has not yet decided for the future trend. In the Ranko diagram, we can see a wedge that is neither ascending nor descending In Ichimoku analysis, bitcoin has entered the Kumo cloud. This indicates that the market is making decisions and it is recommended not to trade. OnChain analysis: The on-Chain analysis also shows low levels of transactions The market has had the lowest level of transactions since 2020. The Moving average of inflow and outflow of exchange also has a downtrend and there is no significant inflow or outflow of bitcoins in exchanges. Supply/Demand for BTC reserve for all exchanges reached a 3.5-year low. My idea is that the market is making a decision, and until this decision is made, it is better not to make definite predictions trend. The diagram identifies the levels that must be broken out to confirm the future trend. These levels are $ 45,000 for the uptrend and $ 32,000 for the downtrend in the Renko chart.
COINBASE:BTCUSD
by cryptoonchain
Update: Filter the noise for #Ethereum #ETH by the help of RenkoFilter the noise for Ethereum ETH by the help of Renko-charts (upper chart). In this long-term view we see current price did not break through the interesting support level starting from the cycle top January 2018. The lower chart shows the candle-chart in comparison - much more noise, right? Drop me a nice comment if you'd like me to analyze any other cryptocurrency. *not financial advice do your own research before investing
BITSTAMP:ETHUSDLong
by Crypto4Everybody
ETH is above crucial supportETH is above crucial support. this support is marked in the chart. this support line is also a neckline for a double top pattern of ETH. If it is broken, we will see a heavy drop in the value of the ETH. Right now, as you can see from the chart at the bottom right, we are seeing a price squeezing above the support line. It is recommended that no trading decision be made until a breakout has occurred. Renko's analysis shows respect for MA40. This will reduce the price to the previous level of support. Ichimoku analysis confirms this.
by cryptoonchain