trader77974

BTC/EUR is now uptrend in one-hour timeframe

Long
BITFINEX:BTCEUR   Bitcoin / Euro
According to the Ichimoku Kinko Hyo Market Reading System, the BTC/EUR is now uptrend because the price has got over the Kumo Cloud.
The Lagging Span (aka the Chikou Span) is still inside the Kumo Cloud in one hour timeframe but if it gets outside the Kumo Cloud by the upper line then that would be a confirmation of the up trend and then one should look at the 4 hour timeframe to get probable resistance.

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.