12Hr - So the pump for the BTT tokens is over, we topped out 960 and haven't really looked back since.
- The price is just being suppressed by the Tenkan and the Kijin is coming down to meet it also.
- We had the Bearish TK Cross and Bearish Kumo twist already and now we have failed to stay above the cloud.
3Hr - We can see where we held a relief rally, but that was unsuccessful and now we sit here flat-lining around 650 sats.
- We're under a bearish cloud the Tenkan despite all manor of trying has failed to stay above the Kijin consistently.
If we start grinding lower, I wouldn't be surprised if we started dumping down. Binance chart shows a clear down trend, and it's hard to get a correlation between Bitmex and orther exchanges at times. But if we do start falling it could cause a cascade or stops to hit and pile into each other, which would be great for volatility. Right now if volatility does strike, it's more likely to side the bears. - Purely based on the signals of Ichimoku.
Conversely, if we go sideways long enough, we might see a flip. Right now, I'm bearish.
- The price is just being suppressed by the Tenkan and the Kijin is coming down to meet it also.
- We had the Bearish TK Cross and Bearish Kumo twist already and now we have failed to stay above the cloud.
3Hr - We can see where we held a relief rally, but that was unsuccessful and now we sit here flat-lining around 650 sats.
- We're under a bearish cloud the Tenkan despite all manor of trying has failed to stay above the Kijin consistently.
If we start grinding lower, I wouldn't be surprised if we started dumping down. Binance chart shows a clear down trend, and it's hard to get a correlation between Bitmex and orther exchanges at times. But if we do start falling it could cause a cascade or stops to hit and pile into each other, which would be great for volatility. Right now if volatility does strike, it's more likely to side the bears. - Purely based on the signals of Ichimoku.
Conversely, if we go sideways long enough, we might see a flip. Right now, I'm bearish.