BITFINEX:BTCUSD   Bitcoin / U.S. Dollar
One of the beautiful things I love about Ichimoku clouds as an indicator is that you can "zoom in and out" temporally to continue to have it be a meaningful indicator. This chart is based on the 6-hourly, and when we zoom out to this time scale we can see much more clearly what challenges lie ahead. ("The Next Gate")

Having finally pushing solidly into the cloud on the 4-hour, with the first candle opening and completely closing in it yesterday evening (UTC+11), we find ourselves staying there comfortably for now... the cloud on the 4-hour chart is currently not a helpful predictor, as we could quite happily move around in the channel between $8k and $9500 literally for days without meeting support or resistance lines:

In the next 12 hours we will be meeting resistance at the $9k level... and within 24 hours I fully expect we will be back over $9k, VERY strongly signalling the Bull Run is Back On... or the cloud will push us back down to the $9500 level indicating that the Verdict is Still Out.

As always, Time will Tell All.

Happy Hunting, my Cryptonaut Collective!


I've made the leap to doing this full time. Please drop me a line if you'd like some 1-1 training - happy to work via TeamViewer and VOIP for those outside of the Melbourne Australia area.

Any/all CryptoTips as a sign of appreciation for my insights would be warmly welcomed:

ETH: 0x54b4db5053224e87d305c7babcdc885530762aa1
LTC: LfBcVt2TRoPpvS4APw21qQmUZi93DY2w3N
DOGE: DRw8q7Gck2XL1M5WQ6sMmZ94FDr6qaCdvh

Please do let me know so I can express my gratitude. =)
... you mean back down to 8500 not 9500.

Regarding indicators the 6h view, I would think it depends on how many traders are looking at that view. 4h is obviously popular.
playadoc rbarbaro2
@rbarbaro2, thank you, yes - edited to correct the typo!
playadoc playadoc
Can't be edited... and noted, thanks!
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