Prothius187

Prothius187

This is the Daily Ichimoku cloud showing the compression between the top of the cloud and the monthly pivot point.

Prothius187

BTC has created a bearish channel that it's been moving between for about 40 hours. Indicators were bearish to neutral, but bullish pressure is building in all indicators on the 4H chart. The daily chart was at risk of signaling its first bearish trend since the first drop from 780, and this may be what's helping to buoy BTC as it's riding the very top of the...

Prothius187

The past 12 hours have seen BTC price consolidation and compression of price between the CM_pivots and previous minor support of 4370. Look for a breakout in price. Likely direction is still more probable to the downside because of the large red Ichimoku cloud above price on the 4hr chart, and the generally more bearish trend showing. But recent bullish...

Prothius187

BTC has retraced and settled at 50% fib in a short term overbought condition within the larger bearish downtrend. This is defined as: Price is below the cloud, cloud is red, When price drop from 50% fib it will re-cross the base line which is the end of the bounce and triggers the bearish signal. Expect price to bounce between the CM_pivot at 4387 and support at...

Prothius187

The previous day's minor bullish move has given way to the bearish market forces. Price has dropped onto the 4300 support as predicted and bounced to the top of support at 4330 after the previous descending triangle finished where price played between the CM_Pivots price and minor support at 4370. Bearish conditions will continue and if support breaks at 4300,...

Prothius187

The diversion between OBV And Accumulation caused bullish pressure to manifest in an upward move when our triangle resolved, but switching over to the Ichimoku cloud @ 4hr to gain clarity into a potential move we see the bearish pressures that have pushed price back onto minor support at 4370CNY which seems to be holding for now. Of the 4 primary Ichimoku signals...

Prothius187 Updated 

OBV And CCI have been showing consistent recent downward pressure on BTC price, but Accum/Dist is now showing a divergence from OBV suggesting a future trend reversal. If this reversal comes sooner rather than later, then I expect price to push to 4600, but given the previous attempts it is unlikely to break this without additional bullish pressure. More likely...

Prothius187

BTC has been supported at 4300 multiple times but the larger downtrend is coming to closure and it will either finally break through the support at 4300 or it will bounce again and turn bullish through exhaustion of the bears. Currently OBV is down trending while CCI is riding close to 100, which doesn't signal a bullish conclusion. I expect that if CCI breaks...