Long

BTCUSD appears to have more upside potential

By FxCloudTrader

Potential signals to watch out for.

Upside:

Most candlesticks that broke above the cloud have higher highs and higher lows
Tenkan-sen and Kijun-sen crosses upwards
Chikou-span i.e. the lagging line is about to cross above the cloud
No weekly bearish bars above the cloud

Downside:

Last week's candle is a potential reversal signal, it's also an inside bar, therefore a breakout is required for confirmation
Price is approaching a monthly resistance, be mindful a sharp reversal may occur.
The Lagging line may be rejected by the top of the cloud

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