Very bullish flag on bitcoin , banging against 8k resistance. Could break it. Watch 8.2k.
Massive hidden bearish divergence on the 4H and 1D TFs.
I´m thinking the retracement back to 7.5k is in play before heading back up to 8.8k. And then back down to 5.9k.
We had an flat Wave 2 and an extended Wave 3. Since Wave 2 was flat, Wave 4 was a violent one. Look at 7.7k for support and a possible bounce.
Trendline holding so far... but very strong likelihood BTC will fall through a gap in the cloud...
First fib trying to hold. But wont be able. It will slip through the clouds. The beauty of Ichi, its one of the few non-lagging indicators that can point you where BTC is headed... where it will be rejected and where it will slip through clouds of resistance or support...
Bear flag apparently complete and broke downwards, thus completing correction Wave B... heading down Wave C to its next destination.
Bitcoin has found strong support on the 2H ikki cloud. It will require a massive dump to get it down there... in fact al this sideways might be an effort to escape up through a gap in the 1H ikki cloud... should take 6-8 hours for this escape attempt to take place...