BITCOIN chart analysis (BTCUSD) by ichimoku cloud
Updated
Hi, This is INVEST_CRYPTO_KONGKONG. today, we're gonna look over BITCOIN Chart with ICHIMOKU CLOUD!! ichimoku cloud help you see overall trend at a glance.
we're gonna see charts from 1d chart to 30m chart in a row.
we're gonna see charts from 1d chart to 30m chart in a row.
Note
*1day
Candles are under the cloud. it means down trend in a recent days. conversion-line plays a role as a support-line(7.6K) identical to upper trend line.
base-line(8K) and lead2(bottom of cloud, 8.2K) plays a role as a resistance-line, on the other hand.
as you can see, legging-span is influenced by bottom of cloud very much, so we could expect movement of legging-span
like green arrows
Note
*4Hour
expectation of short-term movement by using resistance/spport of legging-span among ichimoku lines around
(price tend to make sudden-change near the cross of lead1 and lead2)
Note
*30m
price is in the cloud with support of bottom of cloud. the yellow box is resistance-box made from previous resistance lines, so 7.7K would be a
strong resistanace for a while. to make strong upper-trends, price must breakout from this box
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