Bitcoin close to another major bull move
The daily Ichimoku chart for Bitcoin doesn't look pretty - but it's not awful either.
Resilience is the trait I attribute to Bitcoin here. Even Ethereum, when faced with the same current conditions with the Ichimoku system, failed to hold up and instead toppled.
If the structure remains the same, I anticipate another big push higher when both of these two events occur:
1. The Composite Index closes above both moving averages.
2. The DPO closes above the zero line.
Resilience is the trait I attribute to Bitcoin here. Even Ethereum, when faced with the same current conditions with the Ichimoku system, failed to hold up and instead toppled.
If the structure remains the same, I anticipate another big push higher when both of these two events occur:
1. The Composite Index closes above both moving averages.
2. The DPO closes above the zero line.
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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.
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.