Things are looking bleak for BTC/USD on the 1H chart. I ran out of space to write the word "bearish". This is a very short time frame for me, as I usually use 4H and 1D candles. Even on the 4H things are very bearish looking as we broke through the Kijun line which is a big resistance level and bearish signal.
My call on this is that we are heading down towards the $10k area before we see a good run upwards again. That will put us right on the tap of the Kumo Cloud in the 4H candles.
My call on this is that we are heading down towards the $10k area before we see a good run upwards again. That will put us right on the tap of the Kumo Cloud in the 4H candles.