BTC 1HR Bullish
Updated
All 4 Signals are Bullish. Stoch RSI looks ready to break towards the upside. May get resistance from the Tenkan at 10714 or the line above at 10964.
If we break towards the downside VERY strong support would come from the Kijun, 200 EMA, and Senkou Span A all arranged perfectly at the 50% retracement. Would be very bullish to bounce from here. Not likely to drop below 10224.
If we do will likely pull the 50 EMA down below the 200EMA for a death cross and change in trend further down.
If we break towards the downside VERY strong support would come from the Kijun, 200 EMA, and Senkou Span A all arranged perfectly at the 50% retracement. Would be very bullish to bounce from here. Not likely to drop below 10224.
If we do will likely pull the 50 EMA down below the 200EMA for a death cross and change in trend further down.
Note
Bounced off the Tenkan as predicted and came down to get support from the Senkou Span A line of the top of the cloud. Wicks were able to come and get support from the 200 EMALow volume to the start of this candle is looking like we might get a Bearish TK Cross and would shortly follow a Death Cross from the 50 EMA and 200 EMA. This is worrisome as it would push us down through the cloud into bearish territory. Need a strong push on this candle.
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