Bitcoin close to another major bull move
The daily Ichimoku chart for Bitcoin doesn't look pretty - but it's not awful either.
Resilience is the trait I attribute to Bitcoin here. Even Ethereum, when faced with the same current conditions with the Ichimoku system, failed to hold up and instead toppled.
If the structure remains the same, I anticipate another big push higher when both of these two events occur:
1. The Composite Index closes above both moving averages.
2. The DPO closes above the zero line.
Resilience is the trait I attribute to Bitcoin here. Even Ethereum, when faced with the same current conditions with the Ichimoku system, failed to hold up and instead toppled.
If the structure remains the same, I anticipate another big push higher when both of these two events occur:
1. The Composite Index closes above both moving averages.
2. The DPO closes above the zero line.
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