Monday, September 3, 2018

BitCoin, BTC/USD - Ichimoku Chart Study - Blue line Close - Week 1 of September 2018.





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

PAST

BitCoin closes above the Tenkan Sen (blue line) last week.
Currently the Chikou Span (left) is on course, to cross or deflect the Price line (once again). 
The red Kijun Sen is near the Tenkan Sen.

NEXT

Bears seek deflection of the Blue and Red Lines.
Bulls hope to get above the Fibonacci 61.8% and make a Higher High after the Higher Low.


WRAP


Bears hope for life below the blue line and seek a lower low.
Bulls seek to get above the 61.8% Fibonacci, and follow the Higher Low with  a Higher High.