BTCUSD found cloud resistance on the weekly Ichimoku Cloud.
These cloud settings are based on the 656-hour Sidereal month.
The last time Bitcoin made a parabolic run like this off the bottom of the bear market lows it saw a 40% correction:
These cloud settings are based on the 656-hour Sidereal month.
The last time Bitcoin made a parabolic run like this off the bottom of the bear market lows it saw a 40% correction:
- 30% correction takes the price to $6350
- 33% correction takes the price to $6100
- 40% correction takes the price to $5450
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.