Now i welcome input and constructive criticism. I am a very noob trader and i learned everything off the internet. That said, this is what i think is happening in BTC right now. Obviously not financial advice, if you take financial advice from a self-professed noob you need to get your brain checked.
The trendlines indicate that the bear market is no longer on a...
The cup is damn obvious. The handle looks almost formed.
Price action dropped below the kijunsen earlier, but as we can see, the 50 EMA is going to cross 100 EMA from bottom up soon.
Even if price drops below my predicted handle shape, it should bounce off the cloud and rocket to the moon.
Naturally the cloud should be your support or stop loss.
I cleared the ichimoku and drew a curve from 2016's bull run.
Without taking the parabolic movement in 2017 into account, we can see that despite the over-correction - which is very contained because of HODLers not panic-selling - we are again back up on top of the bullish curve.
We need to keep in mind that with Bitmex offering shorting contracts, the...
This isn't going to be some terrifically complex or brilliant TA. But i think sometimes looking at it simply shows a better picture.
4H Ichimoku chikou has already crossed price action from top-down. However 1D charts, chikou has yet to cross. So there is some room for Bitoin to maneuver. But my point is that i am not that worried even if it does eventually....
If you look closely, using the 20-50-100-200 EMA, the 200 EMA is about to finally cross 100 EMA. When this happens, the 200 EMA will be at the top, followed by 100 EMA, then 50 EMA, and 20 EMA at the bottom. This is the hallmark of real bear runs in every market ever. Also, if we look at RSI, the price level is still lower than March, yet the RSI is much higher...
TenX seems to be ending its wave 2 a while earlier. But impulse was delayed because of the drop in up to 200 million crypto market cap.
However, overall movement is still bullish. Ichimoku chikou span crossed the price from bottom up, indicating a buy signal.
If prices go back above the previous bullish trendline(before the FUD and panic), impulse might take off...
