Weekly Analysis BTC via Ichimoku by TheSocialCryptoClub

The Crypto Frog uses its Ichimoku Analysis Process by looking at a glance at the BINANCE:BTCUSDT Daily chart using the “Crypto Market Settings” for the indicator as 10-30-60-30:

Macro Trend Analysis using Kumo:

Tendency: now prince is stalled in a strong sideways as all is flat Span B, Span A, Kijun, Tenkan with Kijun and Tenkan at the same level, even if still in uptrend for about 40 days
Price: over the Kumo, still in uptrend on the long term. But downtrend as price it is under the Kijun and Tenkan
Width: particularly thick and confirming the sideways moment as Span A and Span B are flat
Evolution: uptrend stopped by a flatteness

Static Supports and Resistances in the area:
Resistances

52400-53900 strong price by Senkou Span B, Senkou Span A and Kijun
50000 important psychological support which price is trying to cross for about two weeks
47400-47900 strong price structure by Senkou Span B and Kijun

Supports

44122 generated by Senkou Span B and Kijun
41102 generated by Senkou Span B
39840 generated by Senkou Span B

Dynamic

Tenkan: flat on 47881.53 so, sideways with price under the lines
Kijun: flat on 47881.53 so, sideways with price under the lines
Uptrend channel: old channel was broken multiple times

Volumes:
Stable after the spike of 07 of September
Heikin-Ashi:
Wide-range Heikin-Ashi broke the uptrend which is now stabilizing but in red. Under the Tenkan and Kijun too.

Fibonacci
CryptoFall, which identifies Fibonacci levels, still shows us a positive sentiment and places the 0 upwards on 100000 and we are now in the equilibrium point 0.5 right on 50000.
Further levels are the 0.618 on 38200 that we can consider the last bastion of the uptrend and the 0.382 level on 61800. Price is going down now between the mid of 0.6 and 0.618.

In conclusion, for Bitcoin we are in a stall moment as the price was not able to break the psychological resistance at 50000 and maybe for some fundamental reasons. However a part from the big stall the price can meet the Kumo during the week and in that case we can expect unpredictability.

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