BTCUSD 1 hour
Updated
Hello,
The green 1 on the TD sequential setup phase looked promising when it went above the green 9, indicating that we could accelerate the 13 countdown phase to the upside. Unfortunately, this candle was also a perfect gravestone doji. Candle shape overrides TD sequential.
We are still above the cloud, however, the baseline of the ichimoku crossed the conversion line, indicating the close of the long.
The 50h MA provided perfect support and the 128h MA is providing very strong resistence.
If we can consolidate at current level, we can start attacking the 128h MA, brake it to the upside, and flip it from resistence to support.
Best regards,
Alexandre Simões
The green 1 on the TD sequential setup phase looked promising when it went above the green 9, indicating that we could accelerate the 13 countdown phase to the upside. Unfortunately, this candle was also a perfect gravestone doji. Candle shape overrides TD sequential.
We are still above the cloud, however, the baseline of the ichimoku crossed the conversion line, indicating the close of the long.
The 50h MA provided perfect support and the 128h MA is providing very strong resistence.
If we can consolidate at current level, we can start attacking the 128h MA, brake it to the upside, and flip it from resistence to support.
Best regards,
Alexandre Simões
Comment
Seems like we broke down of the 50h MA. A red 2 went below a red 1. Does not look good right now.
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