BTC 3D vs 1D
Updated
3D Chart
All 4 signals still Bullish. A drop under 9k though will be hard to recover from and likely to push us through the thin clouds into bearish territory.
Very close to getting Bearish TK cross but if doesn't dip much further and some consolidation might not happen.
Will need a steep rise after this expected short term bear action to pull above the clouds and stay bullish long term.
1D Chart
All 4 signals bearish, but has been this way for quite a few days. The Bearish TK cross happened Feb 16th and was in bullish territory making it a weak signal.
The Tenkan (White) and Kijun (Red) are far apart and generally will like a rubber band start contracting back towards each other.
This short term bear action could allow us to pull down to test the Tenkan (50% retractment for last 20 bars) and the 200 day EMA (Orange Line) which is a strong primary trend.
Consolidation after that could allow us to pull closer to a Bullish TK Cross and break through the trendline for a true bullish reversal.
All 4 signals still Bullish. A drop under 9k though will be hard to recover from and likely to push us through the thin clouds into bearish territory.
Very close to getting Bearish TK cross but if doesn't dip much further and some consolidation might not happen.
Will need a steep rise after this expected short term bear action to pull above the clouds and stay bullish long term.
1D Chart
All 4 signals bearish, but has been this way for quite a few days. The Bearish TK cross happened Feb 16th and was in bullish territory making it a weak signal.
The Tenkan (White) and Kijun (Red) are far apart and generally will like a rubber band start contracting back towards each other.
This short term bear action could allow us to pull down to test the Tenkan (50% retractment for last 20 bars) and the 200 day EMA (Orange Line) which is a strong primary trend.
Consolidation after that could allow us to pull closer to a Bullish TK Cross and break through the trendline for a true bullish reversal.
Note
1 DAY CHARTStill within the consolidation zone. Resistance from the main trendline and the 50EMA. Looks like the wick tried to reach for a Kijun Bounce. Not likely to drop below $9800 again with support from the Tenkan
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