Education: How the Ichimoku Indicator Confirms New $BTC Uptrend
The Ichimoku indicator is signaling that a new uptrend is starting in Bitcoin.
Although a massive, record-breaking drop occurred yesterday, causing Bitcoin to drop $1,000 in one hour, the fall is currently holding at important support.
According to the Ichimoku indicator, price has fallen to the Chikou Span after penetrating the cloud, but failing to get through it on the first attempt. Support is holding currently, and a bullish crossover just occurred on weekly timeframes, suggesting an uptrend is only just starting.
Although a massive, record-breaking drop occurred yesterday, causing Bitcoin to drop $1,000 in one hour, the fall is currently holding at important support.
According to the Ichimoku indicator, price has fallen to the Chikou Span after penetrating the cloud, but failing to get through it on the first attempt. Support is holding currently, and a bullish crossover just occurred on weekly timeframes, suggesting an uptrend is only just starting.
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