Short-term BTC Analysis
A pause in #Bitcoin 's move higher? Possibly. Might not last long though.
⚠️ Senkou Span B is the strongest support/resistance in the Ichimoku system, making it rare for prices to break through it.
⚠️ The Chikou Span reacts similarly to support/resistance as current prices.
⚠️ RSI and DTO are at historical resistance levels.
Thing To Watch This Week
👉 From now until Saturday (July 20), the Cloud gets thinner - meaning resistance to higher moves gets weaker.
👉 A major indication of a higher run is when the Chikou Span closes above candlestick bodies.
Until Saturday (July 20), the Cloud thins, weakening resistance.
👉 If Bitcoin is near the Kumo Twist, expect potential significant moves, akin to hitting a mushroom in Mario Kart.
A pause in #Bitcoin 's move higher? Possibly. Might not last long though.
⚠️ Senkou Span B is the strongest support/resistance in the Ichimoku system, making it rare for prices to break through it.
⚠️ The Chikou Span reacts similarly to support/resistance as current prices.
⚠️ RSI and DTO are at historical resistance levels.
Thing To Watch This Week
👉 From now until Saturday (July 20), the Cloud gets thinner - meaning resistance to higher moves gets weaker.
👉 A major indication of a higher run is when the Chikou Span closes above candlestick bodies.
Until Saturday (July 20), the Cloud thins, weakening resistance.
👉 If Bitcoin is near the Kumo Twist, expect potential significant moves, akin to hitting a mushroom in Mario Kart.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.