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Introduction & Primer to Ichimoku can be read at this link > click.
PAST
BitCoin spends 4 weeks tying to break above the Twin barriers of the Blue Tenkan Sen and Red Kijun Sen (center).
Currently the Weekly candle is a long red one.
Currently the Weekly candle is a long red one.
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Bears seek to maintain the smaller wave, 'lower low - lower high'.
Bulls hope to stay above the Fibonacci 61.8% and prevent a lower low.
WRAP
Bears hope for life below the 0.618 Fibonacci and aim for the Kumo.
Bulls seek to stay above the 61.8% Fibonacci, and clear the twin barriers.
