Bitcoin has not had this occur since Oct 7th, 2017 The daily chart for the Ichimoku system is one of my personal favorites to trade in any market - mainly due to it's powerful and early signals that can coincide with faster changes on the 4 and 8 hour charts. More importantly, the Ichimoku system is a genius and supremely effective tool at trend analysis - especially in regards to prior price behavior. As I was writing in my trading journal and wrote about the proximity of Bitcoin's price to the bottom of the daily cloud, I wondered when the last time we saw the Chikou Span and price both above the cloud to trigger a bullish breakout move. The answer?
October 7th, 2017
What is equally interesting is the number of days. If we count the number of days from October 7th, 2018 (one-year anniversary of the prior daily breakout condition), we get 98-days. Gann wrote about the 90-day cycle being the most important one of the inner year. Of course he was writing about the number of days form an important high or low, but I've found that it is equally important from specific anniversary dates. He also wrote that after a powerful and sustained move, the 90-day cycle can go to 99-days. If, on that next day we see Bitcoin continue to maintain the 4000 value area, that would put price inside the Cloud and in a very ideal setup for a bullish move.
There is also a massive amount of important, powerful and numerous astronomical data that has converged into a small timeframe. These are all bullish in nature and have been indicated by the black vertical lines. The names and dates of that data is below:
Sun Conjunct Pluto – January 9th – January 13th
Saturn Conjunct Sun – December 30th – January 4th
Mars Conjunct Uranus – December 10th – December 17th (exact Dec 13th)
New Moon - Jan 5th
Moon Apogee - Jan 9th
Pluto Aphelion – Jan 13th
Saturn Aphelion – Jan 1st
Sun Perihelion – Jan 2nd
Solar Eclipse - January 5th
Uranus Retrograde - ends January 6th
