Bitcoin Ichimoku Bullish

COINBASE:BTCUSD   Bitcoin / U.S. Dollar
We've got Bitcoin rising above a bullish TK cross, a recent Kumo twist and bullish leading cloud, as well as a Chikou Span that is above previous price and cloud, which all combined indicate a healthy looking chart for Bitcoin . The Price Percent Oscillator is showing the PPO line hovering just above its signal line, need to watch here for a potential bearish cross indicating a shift in price momentum from positive to negative. The Relate Strength Indicator has crossed below its signal line already, but the RSI itself is at 63, anything above 60 is bullish momentum so that is the level that needs to hold in order to maintain current price trend. For now price is set up to continue higher so long as current support holds and price can push through recent resistance in the $9,000-$9,200 range. Should price retreat from resistance then $8,000 is the most recent support level that needs to hold, a move below there would potentially signal an end to the recent uptrend.

All three of these indicators( Ichimoku , PPO , RSI ) were recently published and are available in the "scripts" section of my profile.


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