meteortrader

btcusdt ichimoku aspect

BINANCE:BTCUSDT   Bitcoin / TetherUS
I check btc from the Ichimoku prospective,
Monthly time frame, the tenkan sen try to catch the candle and if that will happen, there is no doubt for another leg down.

2 Weeks time frame, forming the doji above tenkan sen will shows the weakness of trend, but there is more 3 days for closing the candle. if i can not close completely over the tenkan, it will shows the bearish sign again.(maybe for a little correction).

Weekly time frame, on these time frame, btc came back to touch the kijun sen and it can not close above it completely, on these occasion, ordinary it will come back and touch again tenkan sen line which is at 39846 right now. although we must consider that the weekly candle does not close completely up until now(maybe the break can complete in 3days)

3 days time frame, the price can not break span b completely. maybe it will reject from theses point. on the other hand forming of tenkan and kijun suggest there will be a resistance and after that, we will see the continuation of uptrend. the tenkan sen will be at 44k and kijun is at 39750.(it must consider that sometime the forming of kijun and tenkan change and it can turn to downside trend.)

daily time frame, on daily time frame the form of kijun and tekan said the resistance and after that uptrend movement. the candle can break kumo cloud completely and the upper resistance will be 55910 and 58028.

4 hours time frame, down trend continuation is shows from tenkan and kijun forming, the price try to break kumo cloud and 103 period line. maybe it time to a bit lower(maybe bounce again or not).

overall, just on the daily time frame, the sentiment of ichimuko is bullish.

it's need to mention that, these analysis will not for selling or buying and giving the target. I check the ichimuko sentiment from my point of view.

have a good trade


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