Daily key levels to watch for Bitcoin price (in €)Here are the major key levels to watch for the price of the Bitcoin in Euro.
Ichimokuexpert
Lagging span line (Chikou span) still testing 16.924 resistanceThe price of $16.924 is still resisting (is a resistance).
The lagging span (and so the price) is actually testing this resistance.
There is still a high probability of having the price getting over this resistance.
That would confirm the uptrend in daily timeframe.
A kijun resistance has been met by the priceIf the price is getting over the $16.924 kijun then that would be a confirmation of the uptrend in daily timeframe.
The price of Bitcoin (€) might get uptrend in daily timeframeActually, the price of the Bitcoin (in Euro) is about to get over the 4-hour timeframe Ichimoku Cloud.
€6683 might be the first level (if crossed) that could be a confirmation of the uptrend. The Lagging Span Line (Chikou Span Line) should get completely over the Kumo Cloud in daily timeframe, that means that a full Japanese Candlestick should be over the Kumo Cloud (Open Price and Close Price) to have a confirmation of the uptrend and that would be a potential buy zone.
Key levels to watch if trend keeps going downHere are the key levels to watch (the black horizontal lines).
BTC/USD price has got over the ichimoku cloud in 4H timeframeAnd the lagging span line (chikou span line) seems to get out of the ichimoku cloud.
If the lagging span line keeps out of the upper kumo then that would mean the confirmation of the uptrend until approximatively $11632 at least.
Consider the obstacles for the price in daily timeframe if you invest.
BTC/EUR price actually trying to get over the cloud in 4H tfIn 1-hour timeframe the price has got over the 1-hour kumo cloud and in 1-hour timeframe the lagging span (chikou span line) is free.
In 4-hour timeframe (on the graph shown here) there are still some obstacles for the price and the lagging span line, and if these obstacles are passed (while price keeping on going uptrend) then that would be a confirmation of the uptrend in 4-hour timeframe and the upper black horizontal line would have to be watched for first TP (low risk).
Price has got under the Ichimoku cloud in 4-hour timeframePrice is actually testing a support of 7632€.
Uptrend scenario
If price bounces on 7632€ then it might get uptrend again ; The lagging span line is still inside the ichimoku cloud ; The lagging span might bounce on the lower line of the kumo cloud.
Downtrend scenario
If prices gets under 7632€, and the lagging span line (chikou span line) gets under the ichimoku cloud then that would mean a first confirmation of the downtrend, at least on shorter timeframes.
