LeMogwai

Ichimoku - Bitcoin in a critical area

BITFINEX:BTCUSD   Bitcoin / Dollar
632 7 10
Right now we are facing a huge resistance to break above 600.

In case of a bullish outcome :
1) First level of resistance is 602, closing the daily above it would be a good signal.
2) The next step of resistance is the area between 612 and 622
3) We have top resistance around 650
4) Then for a really bullish trend , breaking 690 would be really important

In case of a bearish outcome :
1) A retest of the 575-580 is obvious
2) The 547-560 is a really big support zone , it can spend a lot of time at this zone if we don't have volume or it can go straight through it if volume show up.
3) 530 would be a nice bounce area
4) 507 can be also a nice bounce area
5) if 500 breaks it will cause a lot of panic, the next support potential is expected around 460
just so you know the western, newer, *correct* ichimoku is 10 30 60 30
Reply
do you know who used these params first ?
+1 Reply
you need macd
Reply
this should make the other chart easier to view...
snapshot
Reply
agree with pretty much all points, we've tried so many times to reach 700, the bulls used all their buying power.
+3 Reply
what about your other chart?
snapshot


their conclusions are about the same no?
Reply
LeMogwai PaulAnthony
Yup, same conclusion but with the traditionnal settings there.
Reply
United States
United Kingdom
India
Deutschland
France
España
Italia
Polska
Türkiye
Россия
Brasil
Indonesia
Malaysia
ประเทศไทย
Việt Nam
日本
한국
简体
繁體
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out