Saturday, January 6, 2018

BitCoin, BTC/USD - Ichimoku Chart Study - Support at Blue line - Intra-week 2 of January 2018.







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PAST

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


NEXT

Support at the Blue Tenkan Sen or Red Kijun Sen expected this week.
Bears like the two long candles sets, which make a lower High.
Bulls would want to keep above the current low near the blue line, and go on to make a higher high.


WRAP


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