Saturday, January 6, 2018

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







Investing.com
 
chart > 
Click

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

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



Brent Oil - Ichimoku Weekly Chart Study - $67+ - Week 2 of January 2018.







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

PAST

Index heads for the next target of $71+, reaches $ 68 last week.
All signals favored the Bulls last week.
Index spent last week around the 127% Fibonacci retrace of the 'Last Bottom to Jan'2017 High'.


NEXT

All Signals expected to favor Bulls.
Bears, sense hesitation in last week's 'Deliberation' candle.
Heading to the 141% Fibonacci ($71+) with the current momentum would be the Bull way.


WRAP


Bears hope fatigue will lead to life below the Tenkan Sen (Blue line).
With another record close in recent times, Bulls seek to keep above $67.