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Introduction & Primer to Ichimoku can be read at this link > click.
PAST
BitCoin falling from the All Time High, makes a Lower Low (see center) and takes support at the 61.8% Fibonacci retrace of the $0 to All Time High as marked.
The previous week's candle was a Hammer >> Link.
The previous week's candle was a Hammer >> Link.
NEXT
Bears after striking below the 0.618 Fibonacci Retrace (sub 7600), seek the Kumo (cloud).
Bulls need to take support at this critical level and move up to the Tenkan Sen (blue line).
WRAP
Bears hope for life below the 0.618 Fibonacci and aim for the Kumo.
Bulls seek to retrace from the 61.8% Fibo and reach the Blue line (12945).
