BTC/USD making an edge-to-edge in the Ichimoku Kumo Cloud
It looks pretty clear that we have some significant resistance around 9.5k. My initial call on 9.8k was based off of us rounding back down to the Tenkan line. That has occurred and currently held. If we do go $9.5 and actually bounce (vs breaking through the bottom of the Kumo Cloud) I would personally hold off for 1-2 candles before I would buy in myself to be sure we're bouncing. That's about 16-20 hours roughly from now is my guess.
You can see that we had a bearish divergence occur right before our current bear run.
Can we break 9.5k support and start a nice free fall or will be bounce off the $9.5 and start our run up....... thoughts?
You can see that we had a bearish divergence occur right before our current bear run.
Can we break 9.5k support and start a nice free fall or will be bounce off the $9.5 and start our run up....... thoughts?
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