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LeMogwai
Jan 7, 2014 7:23 PM

Ichi : The next support for a leg down is the 40h cloud Short

Bitcoin / U.S. dollarBitstamp

Description

During the bubble we had a support for the dips on the top of the 4h cloud.
Then we had a crash on the top of the 12h cloud.
The china news took us on the top of the 24h cloud.

My guess is that the next cloud that will support will be the 40h cloud (white area).

The support is still pretty strong on the 600-750 level.


40h cloud because :
1-> 0h + 4h = 4h
2-> 4h + 8h = 12h
3-> 12h + 12h = 24h
4-> 24h + 16h = 40h
Comments
enuma
if huobi is controlling the market how other exchange can predict a thing?
Jozzaboy
i think you need several more indicators and couple dozen more ichimoku clouds. the chart as it is right now looks very empty.
LeMogwai
if you don't know what to watch and where to watch, here is a simpliest view :
As you can see the dip stop on the tops of the clouds.
I also use the yellow lines and the SAR to predict and underline the tops/bottoms and trend reverse.
Jozzaboy
thx! much clear now.
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