Bitcoin returns bearish, using Heiken Ashi & Ichi Moko Clouds
I've discovered a new momentum trading style and liking the simplicity of the Heiken Ashi candle sticks, also starting to use the Ichi Moko Clouds indicator. Very clear signs here as BTC never broke through the cloud on the daily.
Also the Heiken Ashi sticks defs pointed out that the support on the bottom trendline of the large daily symmetrical triangle wouldn't hold. I was waiting for a bounce off that line for an entry... with these new sticks it was clear that bounce wouldn't have happened.
Very new styling, enjoying it atm :)
Aug 10th-15th approaches, interesting days ahead for Bitcoin and the whole market.
Also the Heiken Ashi sticks defs pointed out that the support on the bottom trendline of the large daily symmetrical triangle wouldn't hold. I was waiting for a bounce off that line for an entry... with these new sticks it was clear that bounce wouldn't have happened.
Very new styling, enjoying it atm :)
Aug 10th-15th approaches, interesting days ahead for Bitcoin and the whole market.
It just does not seem like 5800 will hold for a 5th time, with the ETF being delayed, Bitcoineers are hoping to see an Approval next month, or the very lease while BTC is still in the 5k ranges.