Hi everyone 👋🏽
🕊 Wish y'all have a profitable lifestyle 🍀
📌 BTCUSDT- Daily Time Frame - Candlestick
📌 Ichimoku cloud - Support and Resistance
📍I would like to analyze Bitcoin from ichimoku's point of view.
📍 We have 3 very important elements in ichimoku cloud:
1- Tenkan sen
2- Kijunsen
3- Cloud
✍🏼 As we can see here, Tenkan is below kijunsen and also price has closed below them which can be a bearish signal
✍🏼 Price has entered the cloud and we are struggling to break the Span A; which can be really hard if the price has already closed below it
✍🏼 BITCOIN can see the 53k price zone that is combined with SPAN B ; which is a really strong support zone
⚠️ If price manages to break SPAN A and closes above that level seeing the SPAN B support zone is invalid
📍 In weekly time frame the tenksen is flat and is around 54k price zone; price is close to this level, so 54k price zone is more likely to happen
THIS IS NOT A FINANCIAL ADVICE
PLEASE DO YOUR OWN RESEARCH BEFORE TAKING ANY SELL OR BUY POSITION
GOOD LUCK
NP TRADER
🕊 Wish y'all have a profitable lifestyle 🍀
📌 BTCUSDT- Daily Time Frame - Candlestick
📌 Ichimoku cloud - Support and Resistance
📍I would like to analyze Bitcoin from ichimoku's point of view.
📍 We have 3 very important elements in ichimoku cloud:
1- Tenkan sen
2- Kijunsen
3- Cloud
✍🏼 As we can see here, Tenkan is below kijunsen and also price has closed below them which can be a bearish signal
✍🏼 Price has entered the cloud and we are struggling to break the Span A; which can be really hard if the price has already closed below it
✍🏼 BITCOIN can see the 53k price zone that is combined with SPAN B ; which is a really strong support zone
⚠️ If price manages to break SPAN A and closes above that level seeing the SPAN B support zone is invalid
📍 In weekly time frame the tenksen is flat and is around 54k price zone; price is close to this level, so 54k price zone is more likely to happen
THIS IS NOT A FINANCIAL ADVICE
PLEASE DO YOUR OWN RESEARCH BEFORE TAKING ANY SELL OR BUY POSITION
GOOD LUCK
NP TRADER
Note
With Bitcoin forming a double bottom in H:4 time frame , We probably will be seeing three retest zones.
Trade closed: target reached
SPAN B has been touched.Note
We are currently at a very important support line of previous ichimoku cloud
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.