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TheChartWhisperer
Aug 13, 2022 11:41 AM

BTC Ichimoku Analysis - Up or Down 

Bitcoin / U.S. dollarBitstamp

Description

It is weekend, but we are seeing a hint that the bulls might be failing this breakout from the 89day average. Following all the bullish analyses I've posted, here is a chart showing possibilities for big moves in either direction and where I believe is a great place for low risk high reward trades.

What do you think, I have turned neutral until the price shows me what it wants to do. For now this could be a bull trap and I dont want to be the casualty.
Comments
Stuartm190
good analysis. nice bounce for btc on weekly but personally I think longs wait for a higher Low confirmation if its coming on weekly. only fools buy breakouts
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