Tin.Foil

New Territory, Notice Red Ichimoku Wall

BTCE:BTCUSD   Bitcoin / Dollar
Interesting ichimoku cloud formation on Daily. We have never since 2012 entered into the side of the inverted cloud as we are very near to now. We will probably hit the brick wall tonight or tomorrow night. I'd say tonight. If tomorrow, we may kick the side of the wall and go vertical upward. Be ready for movement. We are entering new territory if we hit the red line on that cloud.

It's decision time.. do we break out of this long term downtrend with a vengence or do we drop and continue the slow downward sideways trend?
Tin.Foil
a year ago
Side note: Weekly resistance cloud is strong, always pushing us down. We generally stay $30-50 below the bottom of that cloud, so if we happen to break it, it could be a break-out. Gonna need a lot of force for that to happen.
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Tin.Foil
a year ago
Also when TS/KS cross, blue line above red, we generally move upward. We're approaching crossing point and could move upward rapidly if we cross. However, we're flat on top, one downward movement from TS or KS always shows DOWNWARD movement. So the next day or two will be significant here.
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