Just want to make a short post. I'll present here the daily chart. Price broke above kijun and cloud while also showing a possible TK cross. Extremely bullish in my opinion because OMG, I believe is one of the few cryptos to have a kumo breakout on the daily!!!
Added here is the 4 hr chart. As you can see, price is above the kumo but we already knew that from...
Hey there everybody!!! Here's my take on the current price jump. I'll first look into the 1 hour chart before expanding to the 4 hour chart. We can see below that price is slowly converging towards a tight region and that's why people were saying that bitcoin is very boring because price didn't really move that much... not until yesterday. We clearly saw that...
Here is the chart guys!!! This is on the 15 min timeframe and as we can see, price broke out from the kumo... well, basically we've got all signs going bullish (chikou, tenkan-kijun cross, kumo breakout...). That is if we view the 15 min.
But on the 1 hr... things get a little dicey. It still haven't went past the kumo yet! Price is still trapped in the cloud...
Hi guys! Today I'm gonna show you what's happening on the 1 hr chart. As you can see below, LTC had higher lows coupled with the MACD having higher lows. So does this mean that we're out of the woods and mooning? Nope. We can clearly see that price has been rejected at the Kijun-sen which means the equilibrium line holds strong resistance. But what about those...
The daily chart shows that GNTBTC still has to face some resistance from the kumo. Chikou span is also below price atm.
However!!! We can see that in the 4 hr chart, price broke out from the kumo with chikou span above price. Not to mention that there exists a kumo twist.
And if we look at the 15 min charts, we can see a very beautiful up move.
I'm...
We are currently in a bearish move (obviously) because we're below the kumo. Chikou span (green line) is also below price and kumo which further confirms the bearish bias. Bitcoin tried to rally on Feb 20 and March 5 but met resistance around the 11.5k level with the Kijun sen (reddish brown) and the Kumo respectively. And from the lines I've drawn (lower highs...
