The price just broke a 2 month Resistance Point. The momentum is also very strong.
A strong bulllish momentum is being witnessed, especially from the Ichimoku Indicator
Price momentum has greatly reduced, especially for the last 5 days
The Ichimoku Kinko Hyo Indicator shows that the Tenkan Sen is above the Kijun Sen, indicating strong Bullish Momentum
The Bullish Movement has completely overturned. The Price movement has also become very choppy.
Bullish momentum has waned, and a strong retracement is being seen, hence the Exit Signal
The Tenkan Sen is above the Kijun Sen. In this Ichimoku Kinko Hyo Setting, it indicates a short term momentum, which is long.
The BTC has entered into a consolidation after a Bullish Run. This is therefore an Exit Signal
The desired momentum did not pick, therefore, it is prudent to close the long position now.
The Long term Resistance has been broken, and volatility has increased, which is unidirectional
