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trader77974
Jul 17, 2019 4:26 PM

Key levels to watch on daily timeframe 

Bitcoin / U. S. DollarKraken

Description

Here are the key levels to watch for Bitcoin / USD on the daily timeframe.

The price of bitcoin is still over the kumo cloud.

The Lagging Span is actually encountering a green candle.

Downtrend scenario :
If the Lagging Span crosses the price and gets under it then that would be a first confirmation of a down trend.
In that case it would have to cross the blue Tenkan Sen and the red Kijun Sen to have a second confirmation of a down trend.

Back to uptrend scenario :
If the Lagging Span keeps being over the price.
And the price does not get into the Kumo cloud.

Comments
trader77974
$10250 might be the next strong resistance for the price.
boustani
Yes
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