From the Ichimoku TA POV.
On the weekly charts BTCUSD is approaching important support levels:
the Lagging Span is moving towards the Base Line
while the Price is trading inside the bullish Cloud, near the lower border, Lead 2
So, in the coming weeks, we can expect the Price rebound (at least;) from the current levels up to the 12500 USD per BTC.
On the BTCUSD daily chart the Ichimoku Lagging Span is heating an important support level - the Base Line, and it is closely corresponding to the interaction between the price and the Conversion Line on the weekly chart.
So I expect a rebound from those levels, at least, if not the real bottoming out
While there's no definite signs of coming reversal, but AMPBTC and its Lagging Span are both approaching areas of possible support.
So we can hope for the rebound from those levels up to the nearest Lead line, which is currently around 20k satoshi level.
Watch the entry signals on the shorter time-frame charts.
As Bitcoin is trading at the all-time-highs, it's necessary to make an assessment of the targets for the long position.
If we look back we can see that during the last rally BTCUSD made around 261% of the preceding correction:
Now, as BTCUSD almost passed 161% level and assuming that history will repeat itself, we could...
$DASH on the daily chart is making a nice set-up for the possible rebound from the current lows:
- the price reached the edge of the bullish Ichimoku cloud (Lead 2);
- Lagging Span (aka Chikou) hits the Base Line (aka Kijun-sen)
They could provide the support for the price & thus a little rally for us :) hopefully
Let's keep an eye and watch for the entry signal...
Of course, it's only the beginning of the week, but currently it looks like the mid-term correction in the BTCUSD market is over (fingers crossed ;)
On the daily charts we see some nice bullish reversal signs:
- the divergence between RSI & the price;
- price is returning inside the bullish Ichimoku cloud
Being a steemian I would say it's a good moment for a little STEEMBTC pump as the price, Tenkan & Kijun are going to meet, but still there are no signals for bulls.
At the time of posting there are no bullish signs even on the hourly charts :-(
just watch how the situation is being resolved
DASHBTC looks strong during the current BTCCNY & BTCUSD turmoil.
Now it reaches another important milestone on its up-move:
While the price is trading above the Ichimoku Kumo Cloud, the Lagging Span (Chikou, the green line) is fighting to cross the upper border of the Kumo, both on Daily and Weekly charts.
If Chikou succeeds, we can expect DASH to rise up to...
Ichimoku Lagging Span (Chikou, green line) fell on the price and trying to pierce the Conversion Line (Tenkan Sen, blue line).
At the same time, the price itself is hitting the Lead 1 (Senkou Span A, the green border of the Kumo Cloud).
There is a possibility (more a hope :) that BTCUSDT could find some support at these levels and make a rebound.
STEEMBTC is flat for the last couple of weeks, almost no signs of any positive movements :(
and the resistance for the possible up-spikes of the price came down closer:
the Ichimoku Base Line (Kijun Sen, the red line) is around 0.00019550
Keep an eye on the ETCBTC moves while the Lagging Span (Chikou) is trying to cross the upper border of the Ichimoku Kumo cloud.
The breakout could lead to the establishing of the healthy ETCBTC uptrend
(just take a bit of notice on the coming bullish Kumo below ;)
here are the support/resistance levels on the STEEMBTC daily chart.
- support could come from the Conversion Line (Tenkan Sen, the blue one)
- resistance from the Kumo Cloud and the Base Line (Kijun Sen, the red one)
Last hours STEEM is knocking on the Lead 2 (Senkou Span B, at the moment the upper border of the cloud), trying to leave the Kumo cloud.
If it managed to do so, with all other bullish signs at their places, we can expect a rally up to the 0.00029 STEEMBTC level.
So, fellow Steemians, maybe it's worthwhile to hold on and try to sell our hard-earned & powered down...