The triangle consolidation of Bitcoin is inching towards an end, and I believe now is an optimal time to (experimentally) open positions on the one direction with better odds. As previously analyzed, the major resistance (thickness of the bearish cloud body) above is about to be reduced to an all-trend low, forming an all-trend-high probability of the price...
BTCUSD has been in a bearish trend ever since March (notice the cloud shift point marked on the chart). However, given recent developments a major trend shift could potentially come in early October. The following analysis is based on ichimoku theory with a (20, 60,120, 30) setup, such a setup fits the original definition of ichimoku variables, and I found this...