Bitcoin

4 hour / TK cross possibility

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The 2 hour channel I suggested previously has held so far and now we're looking at a potential bullish TK cross (blue arrow). Last bullish TK cross on the 4 hour was 16 November (green arrow) and led to a 165% move trading out on the bearish TK cross (red arrow). Strong resistance at the 14-16k areas as noted previously and crossing in the cloud with chikou below price is not ideal. Will look for more confirmation if the TK cross does occur.

I use Ichimoku settings 20, 60, 120, 30 as suggested by Josh Olszewicz (CarpeNoctom on twitter) for reference.

Penafian

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