Saturday, May 12, 2018

BitCoin, BTC/USD - Ichimoku Chart Study - Higher Lows and Blue line support - Week 3 of May 2018. chart > Click

Introduction & Primer to Ichimoku can be read at this link > click.


BitCoin spends 14 weeks tying to break above the Blue Tenkan Sen and after doing so, takes support on the Tenkan Sen (blue line) last week.
Currently the Chikou Span (left) is on course, to cross or deflect the Price line. 
The Senkou Span A&B are close together, after two crosses.


Bears seek to break below the Blue line once again.
Bulls hope to stay above the Fibonacci 61.8% and make a Higher High @ the red line.


Bears hope for life below the blue line and seek a lower low.
Bulls seek to stay above the 61.8% Fibonacci, and reach the red line.