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germy
Apr 16, 2019 4:36 PM

BTCUSD: potential bullish TK cross on 1W in late May 2019 

Bitcoin / DollarBitfinex

Description

BTCUSD has been choppy, but the weekly chart shows a potential bullish TK cross on default ichimoku settings and lagging span above price if bitcoin stays within its current range. This scenario agrees with a bullish narrative using TD9 sequential, with a weekly 9 followed by 1-4 candle correction before trend continuation. A retest of daily moving averages in the $4600 range is still possible in this narrative, so my suggestion is to stay on the sidelines or be VERY CAREFUL #trading for the next few weeks until we see a clear trend develop!
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