Ghitto_LLC

Ghitto_LLC

The price just broke a 2 month Resistance Point. The momentum is also very strong.

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A strong bulllish momentum is being witnessed, especially from the Ichimoku Indicator

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Price momentum has greatly reduced, especially for the last 5 days

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The Ichimoku Kinko Hyo Indicator shows that the Tenkan Sen is above the Kijun Sen, indicating strong Bullish Momentum

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The Bullish Movement has completely overturned. The Price movement has also become very choppy.

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Bullish momentum has waned, and a strong retracement is being seen, hence the Exit Signal

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The Tenkan Sen is above the Kijun Sen. In this Ichimoku Kinko Hyo Setting, it indicates a short term momentum, which is long.

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The BTC has entered into a consolidation after a Bullish Run. This is therefore an Exit Signal

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The desired momentum did not pick, therefore, it is prudent to close the long position now.

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The Long term Resistance has been broken, and volatility has increased, which is unidirectional