Price closed below the MavilimW indicator signalling a sell, tenkan-sen which supported us all throughout the rally became resistance and recently on the last 4hr candle came back down (also crossed below kijun-sen which is bearish) to become support again combined with the top of the big ichi cloud. this is basically the last fortress before a freefall to 8250 to...
If it breaks the 14.50 resistance level you may keep your long open.
If you believe we will break the 200 EMA, Top of the trend line, Senkouspan B, The Ichimoku Cloud, Top of the Bollinger Band, Continuous bearish pressure and the downtrend. Go ahead Long ^^ Try to get a good short entry from 7150 to 7350 because we will see the 6.5k again soon.
OIL should fall back to 56-57 levels in the upcoming days. I expect it not to break the 60$ resistance.
Short at 7330-7350 TPs: 6700-6300-6000-5700-5400-5150
Huge Ichimoku Cloud is upon us combined with almost all other indicators signaling bearish movement. See you at 4-5k, the last 4 digit bottom of Bitcoin.
We will continue the drop to the bottom of the Bollinger bands which coincidentally also the 50 Log-EMA level which should provice some resistance and hopefully we bounce back from there. If you also long from that point put your SL below the band and the EMA.
Nothing is confirmed yet but it does seem like we may be out of juice to push further and break the 0.04200 level. If indeed a correction comes this could be a great short opportunity, possibly to the 0.618 fib line (0.03130) Or we could just be in an accumulation phase and just resting until the next wave up, but i doubt it. I realized some fake volume getting...
We can clearly see on the 1D chart that the long term trend line is just above the top of the Bollinger Bands. I would open a short position from either 7800 or 7950-8000 levels. with a stop loss right above 8100 level Pushing through the 200EMA will be a hard task too which currently hovers around 8400.