Ichimoku 1day chart analysis of Bitcoin BTC:
Still waiting for the confirmed breakout.
Low-med chance we are still in the 5th Elliot wave of the downtrend. ( bearish )
Leading line on the 1day chart doesn't show an uptrend just yet, but clouds could be closing. (neutral)
Giant head and shoulders formation still in play. ( bullish )
Also, solid falling wedge formation...could be breaking out now...I predict we have another day or so. ( bullish )
Release the matador.
Still waiting for the confirmed breakout.
Low-med chance we are still in the 5th Elliot wave of the downtrend. ( bearish )
Leading line on the 1day chart doesn't show an uptrend just yet, but clouds could be closing. (neutral)
Giant head and shoulders formation still in play. ( bullish )
Also, solid falling wedge formation...could be breaking out now...I predict we have another day or so. ( bullish )
Release the matador.