BTC was in an ascending pattern which i completely missed, an ascending pattern is a .
Today is a crucial day to see where BTC closes this daily candle.
BTC is still in the Zone of the .
The Lagging Span (Chikou Span) is indicating momentum is down and notice the indicator under the price from 30 periods ago.
At the moment of typing this, BTC is below its 50EMA. BTC needs to eventually close a daily candle above this level.
BTC is below its Conversion Line (Tenkan Sen). BTC needs to eventually close a daily candle above this level.
BTC is below its Middle Band Basis which is a 20 Period .
At the moment, BTC has found support from its Base Line (Kijun Sen). Ideally we need BTC to close this daily candle above this level.
At the moment BTC is fighting to stay above the Line of the ( CMF ).
The DI is indicating negative momentum has taken over with the (Red Line) at 29.20 above its (Green Line) which is at 18.1. The (Yellow Line) is at 23.89 above its 10 Period (White Line) which is at 21.13.
Ideally we need BTC to Close above its Base Line (Kijun Sen) and eventually the 50EMA.
So is this the end as some people on this platform are saying……. No it’s not the end. BTC is still in a longterm uptrend. For a longterm to take over, BTC would need to Cross under its Leading Span A (Senkou Span A) , the Equilibrium Zone, the Leading Span B (Senkou Span B) and then cross & close a daily candle into the Zone on the 1 day, 2 day, 4 day ec ect timeframes for such sentiment to be true.
I wouldn’t be surprised if we see a headline next week that MicroStrategy or some other big player has accumulated more BTC during this dip.
If in doubt, wait to see where this daily candle closes, because remember, if you’re longterm, its where the candle closes that’s really important ,not where it wicks to.
I hope this is helpful & stay away from leverage unless you know what your doing 👍
After yesterdays liquidation, BTC is still in the Bullish Zone of the Ichimoku Cloud.
BTC has closed yesterdays daily candle above both its Ichimoku Cloud Base Line (Kijun Sen) as well as it's 50EMA.
The Ichimoku Cloud Conversion Line (Tenkan Sen) is indicating short-term momentum is sideways.
The Ichimoku Cloud Base Line (Kijun Sen) is indicating Mid-term momentum is sideways.
The Ichimoku Cloud Lagging Span (Chikou Span) is inside the price from 30 Periods ago indicating momentum is sideways.
At the moment of typing this, the Chaikin Money Flow (CMF) is still in the accumulation zone and slightly increase from the previous post from 0.02 to 0.05.
The ADX DI SMA is showing the -DI (Red Line) at 28.8 still above its +DI (Green Line) which is at 17.85. Notice negative momentum is still stronger but the gap has lessened between the two lines. The ADX (Yellow Line) is at 24.24 still, above its 10 Period SMA (White Line) which is at 21.78. As BTC goes up, we should eventually see a +DI cross back over the -DI.
The next step is for BTC to eventually close a daily candle above the Ichimoku Cloud Conversion Line (Tenkan Sen) and its Bollinger Bands Middle Band Basis which is a 20 Period SMA.
I hope this is helpful. Good luck with your trading or hodl-ing 👍
You know the difference.
We are no where near the 2021 ATH.
The more retail FOMO get liquidated from YouTube payed channel free money advice is just gravy for the Institutions.
Yes, it is ALL being bought up by huge huge players.
Which is fine.
DO NOT sell your BTC. It is an ASSET.
The ruling class are still in power and will continue to dictate your quality of life by being the biggest in BTC.
If, IF you own BTC outright you will have some say in life decisions by having a few more choices than those who do not OWN BTC Outright.
p.s. I like the Chaikin too. It is more 50% long for your grandchildren Zen simplicity than even Ichimoku.