- Incoming Bullish Tenkan-Kijun cross on the daily... IF we can continue with a bit more of a rally into the next daily open. 10 hours left as of this writing.
- OBV passed the level I needed for a semi bullish confirmation on daily. However we need more volume to continue past $8,550 along with additional confirmation.
- Tom Demark Sequential on the daily showing bear exhaustion 2 days ago.
-Wicked back off of the 4 hour Tenkan-sen on that beautiful little breakout.(No surprise)
-So lets bust this 6 hour open...
BTCUSD
Watch for rejection at this level ($8,550)BTCUSD and also the 6 hour Tenkan-sen (Bottom Chart), once we break that then we can watch for a trend break. As always I am watching volume very closely. Volume controls all other factors so I typically focus on volume in situations like this. (Stop losses are always my friend, so use the tools you are provided with for external factors that are not able to be seen with TA)
Educational link for Ichimoku cloud and the Tenkan-Kijun Cross
http://ichimokustrategy.com/ichimoku-strategies-the-tenkan-kijun-cross-setup/
- OBV passed the level I needed for a semi bullish confirmation on daily. However we need more volume to continue past $8,550 along with additional confirmation.
- Tom Demark Sequential on the daily showing bear exhaustion 2 days ago.
-Wicked back off of the 4 hour Tenkan-sen on that beautiful little breakout.(No surprise)
-So lets bust this 6 hour open...
BTCUSDWatch for rejection at this level ($8,550)
BTCUSD and also the 6 hour Tenkan-sen (Bottom Chart), once we break that then we can watch for a trend break. As always I am watching volume very closely. Volume controls all other factors so I typically focus on volume in situations like this. (Stop losses are always my friend, so use the tools you are provided with for external factors that are not able to be seen with TA)Educational link for Ichimoku cloud and the Tenkan-Kijun Cross
http://ichimokustrategy.com/ichimoku-strategies-the-tenkan-kijun-cross-setup/
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
All posts are for educational purposes and are simply my views of markets conditions.
Please do your own research and use my content to educate yourself.
Please do your own research and use my content to educate yourself.
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.