$BTCUSDT Ichimoku bullish scenario for Bitcoin 1D.

24. Juli 2018

TA is great until we have MM dumps. In any case here's my thoughts on #Bitcoin. We've had 2 strong impulse legs and if all goes my way, waves 4 and 5 should play out. We have a green candle close inside the Kumo cloud and potential to head for an edge to edge breakout given the market sentiment, momentum etc. The Tenkan Kijun bullish crossover is promising. Given the fact that the price is testing the 200 ema, a major trend line and previous swing high resistance level, I'm expecting a retrace to at least the VPVR high volume node that confluences with the .236 fib. All in all, overall bullish, waiting on a dump or retrace before another leg up. As always, good risk management is my primary focus. I'm short here anticipating a retrace and will then go long at support.. stop losses not too tight to avoid MM bots/stop runs. Peace.