We have quite strong bullish signal on BTCUSD chart which is TK cross: Tenkan Sen line cross base line called Kijun Sen.
Last time such inverse (bearish) signal was back 15th of Jan with massive price drop (marked with arrow on chart).
This doesn't mean we will have strong bull run yet because this cross we have below Kumo Cloud. But still this might signal for trend reversal already.
Last time such inverse (bearish) signal was back 15th of Jan with massive price drop (marked with arrow on chart).
This doesn't mean we will have strong bull run yet because this cross we have below Kumo Cloud. But still this might signal for trend reversal already.
Trade active:
looks like we got nice bounce at 7200. Which is 0.78 fib level if we make retracement between lowest level in this bear cycle around 6K and around 11.7K. Also as you can see at 11.7K pice we had bounce off resistance, which was represented by Kijun-Sen (base line) and Kumo cloud itself.
Also you can see Kijun-Sen base line acting as support during end of Dec and early Jan.
Hopefuly today candle closes green with nice hammer shape, which is reversal candle at such set-up.
Also you can see Kijun-Sen base line acting as support during end of Dec and early Jan.
Hopefuly today candle closes green with nice hammer shape, which is reversal candle at such set-up.