BTC ichimoku cloud support 34k
After a great run it looks like the btc ride is coming to an end. Btc is hovering around the 34k Ichimoku cloud support, the same breakout region as the chart linked below when i signified BTC was breaking out.
The perfect storm arrived in the Equities market which as it always does hammers risky assets first, crypto is the riskiest of risk asset class,
If we breakdown 34k we have 29k as a point of support to offer a bounce back to 34k for a 5k profit, but unless there is some serious catalyst I dont see much hope for this asset class this year
After 29k refer to the Shark or V top pattern linked below
After a great run it looks like the btc ride is coming to an end. Btc is hovering around the 34k Ichimoku cloud support, the same breakout region as the chart linked below when i signified BTC was breaking out.
The perfect storm arrived in the Equities market which as it always does hammers risky assets first, crypto is the riskiest of risk asset class,
If we breakdown 34k we have 29k as a point of support to offer a bounce back to 34k for a 5k profit, but unless there is some serious catalyst I dont see much hope for this asset class this year
After 29k refer to the Shark or V top pattern linked below
Note
34k Cloud support holding up for now
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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.