#BTCUSD showing a potential #bearish TK cross below the #ichimokucloud on 1W chart. The t-line (blue) will cross the k-line (red), highlighted with an arrow on the chart, if weekly candles continue to close below approximately $7175 USD. Given current global events, traditional market trends, and the upcoming #halving, I anticipate completion of the bearish cross....
BTCUSD has been choppy, but the weekly chart shows a potential bullish TK cross on default ichimoku settings and lagging span above price if bitcoin stays within its current range. This scenario agrees with a bullish narrative using TD9 sequential, with a weekly 9 followed by 1-4 candle correction before trend continuation. A retest of daily moving averages in the...
This chart displays Bitstamp BTCUSD volume profile split between the 2017 and 2019 price range of approximately 3700 - 4300. Notice the seemingly inverse relationship between high and low volume nodes between the two periods (bull vs bear). Volume profile analysis is an effective way to estimate horizontal support and resistance levels, and, with knowledge of...
