MJShahsavar

In which direction will the Kumo cloud breakout?

BITSTAMP:BTCUSD   Bitcoin / U.S. Dollar
Bitcoin has been in the range area for more than 3 months, and the prolongation of this period has tired analysts. During these three months, analysts have had differing views on where the breakout will take place. The movement in the swing zone should end gradually and we should see a bitcoin breakout. During this period, not even a confirmed spring or upthrust has been performed.
Bitcoin is now inside the Kumo cloud (in Renko chart), respecting the support and resistance of the Kumo cloud. There seems to be nothing left until the Kumo cloud breakout. Now we have to wait and see In which direction will the Kumo cloud breakout?

Check my YouTube channel for the Onchain metrics mentioned in this post:
https://www.youtube.com/channel/UC7Bu_3OE2lIWhPshtSi3I9g
برای ملاحظه تحلیل فارسی کانال یوتیوب زیر را دنبال نمایید:
https://www.youtube.com/channel/UCs--cO9xUqmw5FGcfKBXXOQ
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.