After almost 3 months #BTC is inside the kumo cloud for the first time. If it is inside the cloud, than expect a flat pa. It means price can fluctuate between 25k to 22.3k.
going towards 1 🤝. But need to be careful as the thickness of the cloud suggests overbought situation. Make sure to book some profit.
Thick kumo cloud is a solid resistance. Need to confirm the exact momentum before entering any trade.
Finally breaks a good resistance & is inside the cloud. Now the same resistance has become a support & 1447 is the new resistance.
Finally got the tenkan & kijun bearish crossover. With the increase in price & decrease in volume along with the thick kumo cloud, don't think this rally will hold for long. Be careful with your longs & keep tight sl.
Still waiting for Tenakn & Kijun crossover. Till then scalp short on 4hr closing below 20636. Tp. 20k sl 20.88k.
getting resisted in this zone multiple times. Also tenkan & kijun about to get bearish crossover. Wait & watch game till further confirmation on the move.
Tenkan & Kijun are bracing for a bearish crossover on daily tf. Need to wait till then. Can scalp short on 4hr tf though with a tp of 1066 & sl 1121.
As we had expected yesterday that market will get a pullback or sideways, same for today till we get the tenkan & kijun bearish crossover. Still 18.6k is a support.
Nice PA happening. Will try for a pull back/sideways for some time to get the bearish tenkan & kijun crossover, then we may see a last leg drop of this bear cycle. For now 18.6k is the local support.
Tenkan will act as an anchor here as it is above kijun. Also with lagging still inside the price, not much downward movement expected from it.
Shorted $ADA here with a sl of 0.4840. Looking for .30 levels
It has a good support at Tenkan (1152). With Lagging inside the price, don't think it will go below it. Even if it does, Kijun is there to hold it at 1082.
With the lagging in the price and Senkou span A also changing to side ways direction, we can see a price movement between 20654 & 22266.
is finally out of cloud. However will long once closes above 6.75. Keep eye on the cloud thickness too. It needs to increase and for that there will be some pullback.
1. Lagging inside price 2. Tenkan & Kijun Bullish crossover 3. Senkou Span A bearish. Coc.: Interesting PA happening ryt now. Price above kijun & tenkan. Kumo is bearish. Need to watch for now. 4hr tf shows a drop to 20.8k.
1) Lagging inside price. 2) Price above Kijun Conc.: Lagging inside the price & price above kijun, could consolidate here for next move. Need to be careful as Kumo is pointing downwards. Closing above 1242 will get 1400.
So we got the P-wave breakout, but price was resisted at the Kijun. Two scenarios from here I can think of: 1) Price gets resisted by the Senkou span A or kijun and come back below the recent lows. 2) The price breaks into the cloud and reach Senkou Span B gets resisted there and then breaks it to 34k