The Ichimoku cloud is a tool to help identify hidden levels of support and resistance.
During strong trends, the cloud will hold up prices in an uptrend and hold down prices in a correction.
For bitcoin, notice how the cloud held prices up right before the price collapsed.
Now, the cloud is acting like overhead resistance. Breaking above the cloud high of $45k is the first order of business in an effort to resume a bull run.
The near-term price action looks promising as RSI divergence is visible on the latest low in price. This suggests the near-term downtrend has lost its momentum and a turn north is higher probability.
During strong trends, the cloud will hold up prices in an uptrend and hold down prices in a correction.
For bitcoin, notice how the cloud held prices up right before the price collapsed.
Now, the cloud is acting like overhead resistance. Breaking above the cloud high of $45k is the first order of business in an effort to resume a bull run.
The near-term price action looks promising as RSI divergence is visible on the latest low in price. This suggests the near-term downtrend has lost its momentum and a turn north is higher probability.
註釋
There are some constructive Elliott Wave patterns brewing. Bitcoin will need to hold above $32,000 otherwise this likely becomes a false start to the upside.
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Test your Elliott Wave readiness.
Free assessment + bonus training videos customized to your score:
qwiz.seethewaves.com/ewreadiness/p/tv1
Free assessment + bonus training videos customized to your score:
qwiz.seethewaves.com/ewreadiness/p/tv1
免責聲明
這些資訊和出版物並不意味著也不構成TradingView提供或認可的金融、投資、交易或其他類型的意見或建議。請在使用條款閱讀更多資訊。