BTC support levels from the ATH with Ichimoku
Updated
MacD on the 4 hour chart may flip soon. Turning bear.
Also, every time frame under 4h on the MacD is showing a bear
RSI also is continuing its decline.
In times of ATH the Ichimoku offers some clues as to what the market may do. Expect support at the Tikansan, Kijun and top of the clould as the momentum stalls out.
Still bullish on the daily and of course weekly.
Trade on.
~Ji
This is not advice.
I don't need to be right or wrong.
I don't care if the market goes up or down.
Make your Own analysis and trade off of that.
If you have positive, constructive criticism and wish to share Please do.
Agreeing or Disagreeing is not personal and is welcomed in a positive way.
This is not a therapy outlet for venting negativity. Go join a boxing club. I like boxing.
Happy trading everyone!!
Also, every time frame under 4h on the MacD is showing a bear
RSI also is continuing its decline.
In times of ATH the Ichimoku offers some clues as to what the market may do. Expect support at the Tikansan, Kijun and top of the clould as the momentum stalls out.
Still bullish on the daily and of course weekly.
Trade on.
~Ji
This is not advice.
I don't need to be right or wrong.
I don't care if the market goes up or down.
Make your Own analysis and trade off of that.
If you have positive, constructive criticism and wish to share Please do.
Agreeing or Disagreeing is not personal and is welcomed in a positive way.
This is not a therapy outlet for venting negativity. Go join a boxing club. I like boxing.
Happy trading everyone!!
Trade active
LONG. Because we held the support for this amount of time, All indicators are pointing to a Long position after this current squeeze and consolidation is over. 4 hours or less we'll see a break-out to the up-side.
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.