Bitcoin trying to stay on top of Ichimoku Cloud heading for $52k
As much as the last couple of days were bearish Bitcoin is showing strength to day breaking the downward trend at least momentarily.
A move over $18.625 would create a very bullish signal and generate strength for attacking $20k again (see related idea "Bitcoin Bears are Forcing a Retracement - $17.5 test likely")
It appears traders are happy with just a retracement to the 0,236 fib and the ~$17.6k level.
That said Bitcoin may very well float above the Ichimoku clouds and manage to repeat history and kick-off the next parabolic run that I had charted based on the 2017 year-end rally.
Watch closely whether Bitcoin can break $18.625. If so I would turn bullish (long).
Right now I feel a neutral.
Short (bearish) signals would be a price loss from here until Sunday into the weekly close.
A move over $18.625 would create a very bullish signal and generate strength for attacking $20k again (see related idea "Bitcoin Bears are Forcing a Retracement - $17.5 test likely")
It appears traders are happy with just a retracement to the 0,236 fib and the ~$17.6k level.
That said Bitcoin may very well float above the Ichimoku clouds and manage to repeat history and kick-off the next parabolic run that I had charted based on the 2017 year-end rally.
Watch closely whether Bitcoin can break $18.625. If so I would turn bullish (long).
Right now I feel a neutral.
Short (bearish) signals would be a price loss from here until Sunday into the weekly close.
