Bitcoin Analysis Shows Current Air Gap In Trading Opportunity
Using a 12-hour chart and Ichimoku Cloud indicator we see an area below cloud and above the current support level where BTC prices are currently trading.
The bottom of the cloud also aligns with the downtrend produced by the decline since August.
A break into the cloud and above that trendline of resistance would indicate a good trading entry for both manual traders and algo bots.
By that point we can expect volatility to come back into the market and hopefully a clear price direction.
Currently we can also see from the MACD at the bottom of the chart how choppy the market is from day to day with no clear trend in MACD shown.
Now is a difficult time for traders to find profit.
Note: SparksterSignals (including our technical analysis and our algorithmic backtested signals) are not provided as financial advice.
The bottom of the cloud also aligns with the downtrend produced by the decline since August.
A break into the cloud and above that trendline of resistance would indicate a good trading entry for both manual traders and algo bots.
By that point we can expect volatility to come back into the market and hopefully a clear price direction.
Currently we can also see from the MACD at the bottom of the chart how choppy the market is from day to day with no clear trend in MACD shown.
Now is a difficult time for traders to find profit.
Note: SparksterSignals (including our technical analysis and our algorithmic backtested signals) are not provided as financial advice.
