Weekly Analysis BTC via Ichimoku by TheSocialCryptoClub

The Crypto Frog uses its Ichimoku Analysis Process by looking at a glance at the BINANCE:BTCUSDT Daily chart using the “Crypto Market Settings” for the indicator as 10-30-60-30:

Macro Trend Analysis using Kumo:

• Tendency: The uptrend that we had been observing for about 60 days that had shown a noticeable weakening in the last week was interrupted as the Kumo - which changed direction (Kumo Twist) three times very quickly in these days conveying a great market uncertainty: also the Senkou Span A is flat while the Senkou Span B is bullish.
  Medium term the market is sideways with a bearish bias, the Kijun and the Tenkan are flat and the Tenkan is below the Kijun.
  In the short term the price passed above the Kijun and the Tenkan in one day and expresses a bullish desire.
  
• Price: The price is above the Tenkan Sen and the Kijun sen with a bullish desire but is still sideways on the Senkou Span levels and always inside the Kumo which confirms the great volatility that often happens when it is inside the Kumo.
  
• Width: The Kumo is very thin and tends to make twists, as anticipated last week. Right now it has a bearish bias but yesterday it was bullish, today it tends to widen and confirms the price uncertainty.
  
• Evolution: expansion transmits a general feeling of ovesrold, but given the width it can move very quickly.
  

Static Supports and Resistances in the area:
Resistances

• 53946 strong price structure by Senkou Span A and Seknou Span B
  
• 52420 strong price structure by Kijun, Seknou Span B and Chikou
  
• 50000 strong psychological price structure
  

Supports

• 47400-47900 strong price structure by Senkou Span B and Kijun
  
• 46241
  
• 43986-44688
  
• 41060 generated by Senkou Span B and Kijun
  
• 38330-39655 generated by Senkou Span B
  
• 35000-37704
  

Dynamic

• Tenkan: always flat on 44221
  
• Kijun: always flat on at 46260
  
  Volumes:
  Volumes also vary significantly from day to day.
  Heikin-Ashi:
  Le Heikin-Ashi, in fatto di Tenkan e Kijun confermano il momento laterale, come anche il fatto che il prezzo e' sempre dentro la Kumo ma il colore verde e la mancanza di ombre confermano la voglia di salire del prezzo.
  
  Fibonacci
  CryptoFall, which identifies Fibonacci levels, still shows us a positive sentiment and places the 0 upwards on 100000 and we are now in the equilibrium point 0.5 right on 50000.
  At this moment the price - after several attempts - did not go over the 0.5 level and is going towards 0.618, further confirmation of what is happening. As described in the previous analysis, the 0.618 level is the bastion of the uptrend as it tends to indicate "healthy" retracements. As possible, it was a rebound on the 0.618 level and it was the price goes against the 0.5 that needs to be broken to confirm the uptrend.
  
  Conclusions
  In the past week it has been confirmed the non-predictability of BTC movement when inside the Kumo and the reliability of the levels provided by the Ichimoku. The price in fact crossed the Kumo bouncing with a spike off the Senkou Span B and now it is at the top where the price structure of the Senkou Span A is attracting it.
  
  Overall BTC closed in the red this month and more days will be needed to see where the market will develop, despite there being an uptrend sentiment between now and the end of the year.
  
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