BTCUSD: mixed but conditionally bullish-biased signals.
Updated
Bitcoin to rebound back to top black resistance level, if price continues to hold above red support line — allowing the PRISM RSI and STOCHS to reset. Momentum still in the negative though, and acceleration and Jerk oscillators doesn’t look to be rebounding yet. Need to wait till PRISM acceleration oscillator to turn positive first before deciding on an entry time.
Suitable stop loss might be at slightly below the lower black support line perhaps.
Suitable stop loss might be at slightly below the lower black support line perhaps.
Note
Note the green ichicloud forming ahead.Note
Now price is back above the red support line and within the green ichimoku cloud. :)However, here's the more updated PRISM oscillator analysis that doesn't gets updated in the posted ideas when you click the "load new bars" button.
Note
Higher time-frame analysis looking rather bearish. :(Note, the Ichicloud parameters that I'm using are modified as follows:
conversionPeriods = 9
basePeriods = 26
laggingSpan2Periods = 52
displacement = 26
As suggested by @MMCrypto.
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