BTCUSD, dead in the water. Stuck between its TS and KS. I see two scenarios :
1) The price break the DLY KS which would be a signal that the uptrend is resuming 2) We break the Cloud below, meaning the correction is not over and the target zone highlighted in my previous BTC analysis is still valid.
On the H4 chart the price is stuck between the Cloud and its TS.
Noting to do but wait for the moment. Patience is key.
Glossary : WLY = Weekly DLY = Daily TS = Tenkan Sen KS = Kijun Sen LS = Lagging Span/Chikou Span TL = Trend Line TP = Take Profit SL/ INV = Stop Loss / Invalidation level TF = Timeframe Kumo = Cloud, Cloud = Kumo
** THIS ANALYSIS IS MY OWN OPINION AND IS NOT A TRADING OR INVESTMENT ADVICE. ALWAYS TRADE WITH CARE **