Short

Bitcoin ichimoku Clouds - HUGE LONG - BUT ALSO SHORT?

Updated

Bitcoin lookin' phenomenal according to the Ichimoku Strategy. A long position is definitely something to consider right now at $45-46K looking at all timespans 15m-1D. Confirming with seeing that lagging span has crossed the cloud - but one thing to consider before following indicators blindly is that the red cloud it crossed has a very large area compared to the green cloud ahead, which essentially means that the bullish trend can still reverse to bearish.

So, what to do? Wait for a reversal and the lagging span to exit the red cloud fully on the X-AXIS and not just on the Y-axis. Additionally, while this happens a correction from to $36-30k would prepare bitcoin for huge potentials - MINIMUM 59k.

Summary:
1. Potential short (by correction) from - or all the way to 30K, if something unfortunate happens.
Once the lagging span exits X-axis and the indicator Ichimoku is still bullish - HUGE potential - FULL LONG with first resistance at $59-60K. The next target easily being 100K.

Good luck guys.

Note

In case of insane breakout: possible to open a long position now and set stop loss at when lagging span goes into the cloud again. Then open short position. If this never happens, enjoy profit from long.

fred0002

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