Weekly Analysis BTC via Ichimoku by TheSocialCryptoClub

Good weekend,

As usual, here's our weekend analysis for the week's trades by our Indicators now available Open Source by looking at a glance at the BINANCE:BTCUSDT Daily chart using the “Traditional” settings with the Ichimoku Kinko Hyo.

Tendency:
Two days ago the Kumo turned green, a good sign for the bulls, but the considerable uncertainty continues considering that the price continues to fail to overcome the Kumo for about two weeks. Many of the lines describe a downtrend situation. Particularly significant is the downward overshoot of the Kijun.

Also the Kijun Trend Indicator - which two weeks ago indicated the possibility to look for long positions, after these last candles could indicate a trend reversal.

Supports and Resistances in the area and not only:
- 75000.00 by Fibonacci
- 67000.00 by Historical Maximum
- 66001.41 by All-time-high Chikou
- 51800.00-52600.00 from Ichimoku Flat areas/Chikou Cusps
- 40500.00-40700.00 from Ichimoku Flat areas/Chikou Cusps
- 33500.00 from Ichimoku Flat areas/Chikou Cusps
For the various static price structures it is possible to refer to the chart where the structures identified by the flat moments of Tenkan, Kijun, Senkou Span A and Senkou Span B on different timeframes are plotted, also Chikou price for the Current timeframe.

Moreover, let us remember that the various lines of the Ichimoku serve as price structures: the Tenkan Sen (short term), the Kijun Sen (medium term) as well as the Senkou Span A and Senkou Span B (long term).

Heikin-Ashi:
The Heikin-Ashi confirmed the Kumo rejection that stopped the green series and after a pause with some green candlers still indicates the downtrend momentum.

Fibonacci
CryptoFall, which identifies Fibonacci levels, still shows us a long-term positive sentiment and places the 0 upwards on 75000. Price was not able to overcome the 0.618 and going back to 0.786.

Conclusions:
BTC continues to show the desire to go up but right now the uncertainty - the price inside the Kumo - is the master.

From a fundamental point of view we can correlate this situation to the current geopolitical situation - considering that the first news of troop redeployment generated a bullish impulse on the market - but as technical analysts we always refer to the chart as "the market discounts everything".

It is important to evaluate the closing of the week on the following price structures:
- Bullish 45000
- Bearish 40500-41500

For the Bitcoin Dominance and Altcoin Cycle we can consider the Weekly variation:
- Total Crypto Market Cap: Decreased
- Dominance of BTC: Increased
- Price of BTC: Increased
- Alt Cycle Expectation: Decrease

Thanks for your attention, happy to support the TradingView community.