What is BTC momentum doing by Ichimoku?

19. Dez.

BTC has been bullish for a while. It is moving in an ascending channel. Price failed to break out of the big inside bar and pulled back to the Kijun Sen. Because Kijun Sen has been acting as support multiple times, I expect it to do the same this time.

Also, according to Ichimoku, the momentum is bullish. Kumo is thick and long (stable uptrend), and Tenkan Sen is still above Kijun Sen. Chikou Span is getting close to candles, the momentum is slowing down, but no sign of trend reversal.

I expect the price to bounce on the Kijun Sen and then continue to go up to the top of the channel.

22. Dez.

Anmerkung

BTC broke the Kijun Sen and the bottom line of the ascending channel. After that a bullish pinbar pushed price back up after a strong retracement.

Price is ranging according to Ichimoku:
Kumo is flat, Kijun Sen and Tenkan Sen are flat and Chikou Span is toching the candles.

Price is below TenKan Sen and Kijjun Sen but aboven Kumo. This means that price is now only bullish in the longterm. Because the Kumo is very thick, it can act as strong support in the future.

On the weekly price has formed an outside bar. For next week we are ranging in this outside/inside bar. Until we break this outside/inside bar we can start moving again.