MTGOX:BTCUSD   Bitcoin / U.S. Dollar
388 8 1
We broke through the 4hr and 12hr Ichimoku clouds . Time for the 24hr to fall again?
Speed
3 years ago
At the time, I was hoping to see a fabled bounce off the top of the 12hr cloud deck, and continue pushing upwards through the 4hr resistance into the clear. Especially with the strong bullish 24hr cross of the Tenkan-sen and Kijun-sen which hasn't happened since 5/20 on the run up to 136 after the bubble. Instead it broke in the exact opposite direction as the (unconvincing) 12hr MACD indicated it might, through the 12hr deck and is currently riding the bottom of the 4hr cloud.

My position is still active as it could bounce off the bottom of the 4hr cloud again like it did on the 16th and get back on track. It has a lot of 12hr resistance to still push down through. I wouldn't be surprised to see it swing back up, but we are also closing in on the bearish 24hr cloud with not much time left. If we don't hit it along my trend line, I doubt it will break through.
Reply
IgorRasovic
3 years ago
seems you were right
Reply
Speed IgorRasovic
3 years ago
I think it may still be too soon to tell. I think we'll know by the 24th though whether this trend line is done.
Reply
IgorRasovic Speed
3 years ago
For next 3 hr, diff jump 19%, I think BTC price will also jump minimum 10%,
and perhaps now is the right moment to open position.
Reply
Ideas Scripts Chart
United States
United Kingdom
India
España
Italia
Brasil
Россия
Türkiye
日本
한국
Home Stock Screener Economic Calendar How It Works Chart Features House Rules Moderators For the WEB Widgets Stock Charting Library Priority Support Feature Request Blog & News FAQ Help & Wiki Twitter
Private Messages Chat Ideas Published Followers Following Priority Support Public Profile Profile Settings Billing Sign Out