Can we expect Bitcoin at 50k in the nearest future?
Well, daily Ichimoku is bullish, price tested daily tenkan and bounced from it. Btc also didn't retest kijun (base line) since the beginning of its new rally from the early October 2020. So I opened a long and now I will look at 40k local resisatnce. If it's broken and succesfully retested, then the target is in the red box. If we see a strong resistance and decline it may turn into an abc correction. For this scenario I use daily kijun as a level below which I put my Sl for this long-term trade. Price below kijun on a daily cloud is an early sign for possible trend reveral and it's safer to be stopped out. Wish you all nice trades. Take care.
Cryptanika
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