Earlier this morning (8 hours ago) I thought that the price would rise up where the 1h chart's Ichi Cloud was weak and at this point that did happen. Now that we are riding slightly above the 1h cloud we can see about a fast rise up into the much thicker 4h cloud in the $370-$380 range.
My thoughts at this point with the lackluster volume and action is that after going up, we return back down to $340 following the bottom edge of the 4h cloud. If we become super FOMO-ish then we will ride the top edge of the cloud and look to go down to $360 or so.
My thoughts at this point with the lackluster volume and action is that after going up, we return back down to $340 following the bottom edge of the 4h cloud. If we become super FOMO-ish then we will ride the top edge of the cloud and look to go down to $360 or so.