what I see for btc/usd doing in the short term
One thing I love to do is study ichimoku cloud patterns for eth and btc.
btc/usd has went through cloud on 1 hour.
I don't think it's done yet.
If you switch to 2 hour we can see it will likely crash through cloud soon, as well. I'd be surprised if it did not.
Daily says we are still likely, in a correction.
4h says it has reset for fuel.
2hour shows high likelihood of going to 5027-5097.
4hour says if it goes to this level then a further correction in a few days or weeks is going to bring it to ~4750
4 hour says if it goes to 4674, we run into a very cautious area.
I'm hoping this corrects at 4300-4800 max, but you never know in bitcoin. I am officially just holding neutral on my bitcoin positions.
btc/usd has went through cloud on 1 hour.
I don't think it's done yet.
If you switch to 2 hour we can see it will likely crash through cloud soon, as well. I'd be surprised if it did not.
Daily says we are still likely, in a correction.
4h says it has reset for fuel.
2hour shows high likelihood of going to 5027-5097.
4hour says if it goes to this level then a further correction in a few days or weeks is going to bring it to ~4750
4 hour says if it goes to 4674, we run into a very cautious area.
I'm hoping this corrects at 4300-4800 max, but you never know in bitcoin. I am officially just holding neutral on my bitcoin positions.
Note
Minimum TP target would be 5097, edge of 2 hour cloud. I think its gonna go lower though.Trade closed manually
trade closed, target was off by $4.
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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.