Bullish: Wishing the price breaks through the cloud. Bearish: Heavy clouds, bulls should wait for a better date.
$243 is the entry through the cloud which is also the major downtrend line. Always watch the buy/sell volume. If the buy volume sustains a push to above the cloud, it might signal a real uptrend.
The sell volume overwhelms the buys all the time and no confidence-inspiring news in the near future. Volatility increased as many long-term holders has probably sold out already. We haven't entered despair phase yet. Always watch the sell and buy volumes. Find the highest price to short.
The Microsoft news prompted a possible change in trend
In the media, a lot of sources have been releasing misinformation and a negative outlook on Bitcoin's future. My crazy mind says they are prepping to buy cheap bitcoins at the auction. TA also indicates wave two is not over. I'm not sure about all of this. But I think there will be bots pushing for a lower price. So, I would wait for the moments before the...
Candlesticks set to reverse in any direction, but price has gravity. Tight stop loss is in order. Set lowball buys too and furthermore, be patient. Control your fear of missing out.
You have less than 12 hours to buy before the hourly cycle downtrends. Monday China time will experience less buys since December 1 is bad Feng Shui. Uptrend continues on Tuesday China time.
Moving back up the major trend lines
The price will increase slightly because of major trend lines and reduction of cloud resistance
Weekly trend has shifted into a bullish cycle. This will put a slight buy pressure. However, there is a growing long term resistance. Daily trend also shifted into a bullish cycle. Most charts also show a shift to a bullish cycle.
J line says it's oversold. Wait for a cross in all lines for the buy signal. Ichimoku cloud resistance is thinning, however, it also means any price movement up is susceptible to major sell-offs.