BTC 1 Day TA

in #bitcoin6 years ago

Bitcoin on the daily.

Looking at Bitcoin from the Ichimoku perspective:

https://www.coinigy.com/s/i/5b04631015991/

We found a bit of support at the bottom of the daily cloud and then came up to test the Kumo twist. Although we did arrive at the Kumo twist level a bit earlier than i expected we did get there. The Kumo twist is an important level to watch for us to ether get above the Twist and close a few candles to become bullish for the days and weeks to come OR we reject to close a few candles below the Kumo twist @ 8500 and become bearish for the next days/weeks to come.

Lets pay close attention to the next couple daily candles on Bitcoin but for now i am leaning bearish for the next few days.