As the FUD sets in over the past 5 days, I want to inform everybody on what I'm seeing with a more accurate understanding of the cloud.
The MA 50 (green) dipped under the MA 100 (orange) and MA 200 (red) again, symbolizing bear trend. Note: for the info below, it depends on if has a bullish or bearish trend going forward
If the Tenkan (Blue) crosses above Kijun (Yellow) below the cloud = weak bull
If the Tenkan (Blue) crosses above Kijun (Yellow) inside the cloud = weak bear + lag on price
If the Tenkan (Blue) crosses above Kijun (Yellow) above the cloud = strong bull
If the latter happens, and the MA begins to correct, we'll see another bull run, note the volume has also increased over the past 9-12 hours, a great sign for an uptrend.
Let me know if you think it'll make it below, inside, or even above!
評論
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Seems in my attempt to use TA, extraneous factors have caused more crypto-fallout. If you make any buys, make sure to set stop-losses.