12Hr Looking for a bullish close above the Tenkan. - If this happens I would definitely be looking to get in.
- We first would like to see an equilibrium return of price to the Kijun (Black) which is the first place I would like to see price
- CCI Need to break above the slow line and stay above.
- MoMo Indicator is giving a strong buy, Slow line is starting to curl up, as well as the histogram. Sellers are looking exhausted here.
3Hr Already above Tenkan, and so far holding above the Kijun - this looks like the start of a trend reversal
- The cloud doesn't look too strong here so there is a tendency for an easier break through.
- CCI We've broken above the slow line and are trending up already - another good sign
- MoMo Is turning up already, there is bullish momentum here, we just want to see the volume come in behind it.
Overall: Signals are weak here. That is the problem with this sort of prediction. It's a Knife catch at best. This could be a change of pace or just consolidation before we go down further. If you're willing to gamble here, try and limit-buy here, and be sure to have a stop loss.
This will be a slow return, with BTC not sure if it is Bull or Bear could have deep implications to what MFT does.
- We first would like to see an equilibrium return of price to the Kijun (Black) which is the first place I would like to see price
- CCI Need to break above the slow line and stay above.
- MoMo Indicator is giving a strong buy, Slow line is starting to curl up, as well as the histogram. Sellers are looking exhausted here.
3Hr Already above Tenkan, and so far holding above the Kijun - this looks like the start of a trend reversal
- The cloud doesn't look too strong here so there is a tendency for an easier break through.
- CCI We've broken above the slow line and are trending up already - another good sign
- MoMo Is turning up already, there is bullish momentum here, we just want to see the volume come in behind it.
Overall: Signals are weak here. That is the problem with this sort of prediction. It's a Knife catch at best. This could be a change of pace or just consolidation before we go down further. If you're willing to gamble here, try and limit-buy here, and be sure to have a stop loss.
This will be a slow return, with BTC not sure if it is Bull or Bear could have deep implications to what MFT does.