Monday, January 15, 2018

BitCoin, BTC/USD - Ichimoku Chart Study - Hanging on to support @ the Blue line - Week 3 of January 2018.
chart > 

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


BitCoin falling from the All Time High, takes support at the blue Tenkan Sen (see center) again.
Chikou Span (White line..see left) way above the Price line, Bullish.
The Kumo expands (Green and Pink border...see right) this is Bullish.


Bulls want the support at the Blue Tenkan Sen or Red Kijun Sen, to continue this week.
Bears want to follow the minor wave lower High with a lower low.
Bulls would again want to keep above the current low near the blue line, and go on to make a higher high.


Bears hope for life below the Tenkan Sen (Blue line) and to make a lower low.
With current momentum, Bulls seek to take out the All Time High and make a Higher High