BTCUSD Ichimoku + EMA Ribbon! (MASSIVE)

BITSTAMP:BTCUSD   Bitcoin / U.S. Dollar
Don't miss out on this longer term analysis, which includes the Bitcoin Halving Events in 2012, 2016, and the upcoming 2020 (vertical lines in green).

This is a combination of 2 main indicators:
EMA Ribbon - We observe longer line in green (indicating sustained uptrend) vs red (indicating sustained downtrend). historically, the red portions are relatively short. In the last halving period (2012-2016) this bearish period lasted for approximately 13 months. In this period (2016-2020), it last for approximately 12 months. This is relatively accurate thus far, with a Bullish Ribbon Crossovers occurring right before testing the Senkou Span.

Ichimoku - The Kumo Twist is the most indicative for projecting future price trends (28 time periods to be specific). We observe that the leading span seems to be printing a green cloud formation. As long as price action remains above this cloud, we can be sure that an uptrend is maintained. It remains to be seen if the price can break above the cloud.

Do keep in mind 2 things:
Firstly, price will always seek to return to its median. And in this case, we see that the price of BTC has extended a fair distance from the EMA Ribbon, hence the recent pullback, seeking to 'hug' the longer term EMA line (or the green line in this case). On this basis, the lowest support without failing the EMA would be approximately $6000.

Secondly, be mindful that this is a longer term analysis, and should not be used for short term or intraday trading decisions. Hold on to your coins lads, for we may be in for a ride soon.

LASTLY, the bullish period to bearish period ratio is about 3:1, so you may want to hold on to those hot potatoes instead of panic selling. :):)

Buddy cool strategy. I think everything will work out. I will follow you, interesting how it will end
anzach77 IgorPorokh
@IgorPorokh, thanks mate :)
+1 Reply
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