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theoame
May 21, 2020 3:15 PM

See ya next year BTC! Weekly Ichimoku Rejection Short

Bitcoin / United States DollarCoinbase

Description

So many short signals for bitcoin right now with The "Satoshi" selloff clearly being the catalyst. Let's see what happens in weeks to come but I believe this will be the beginning of us returning to a bearish market.

We never sustained a lasting break above 10,000.We're being rejected off the weekly BEARISH Ichimoku cloud on a 7 on TD sequential around the 0.236 Fib. Plus, the year long trend line all the moon bois thought we broke out of is definitely still in play. Still plenty of room for a sell off on the RSI and haven't ticked bearish yet on MACD so nows a good chance to get into a short position.

First target is 8400 then just following the fibs down

Peace & Love
Comments
Umarzia
Hello may I ask you which cloud settings you applied? Thanks
theoame
@Umarzia, 20 tenkan 60 kijun 30 displacement 120 senkou span
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