JulienSyr

JulienSyr

Reaching again critical support levels BTC's bearish trend is getting tired for the following reasons: - The space between Kijun and Tenkan is widening while the Kijun remains flat - Flat Kumo showin light resistance These signs show that the trend is getting tired and might stop, however there are no sign of reversal yet.

JulienSyr

Bitcoin is not out of the bearish trend yet for the following reasons : - Still following the trend line downwards. - Below the Kumo cloud very unlikely to reverse in the short term - Kumo tested but did not break out - Tenkan crossing Kijun from the top = bearish signal reinforced - Chikun (lagging span) below prices, tenkan and kijun