It's a good day! Senkou B is on the move finally. There are a many reasons this could be positive, and few that pose negative.
The last upswing was not supported with the cloud, as can be seen in the attached idea, and I have been waiting for this to change for the better. Over the time period between July 26th and August 6th we saw the red cloud heading up along with BTC price, both A and B were moving in tandem. Then August 8th and 29th Senkou A began dropping while B stayed flat, gobbling up all the bulls in the trap; until now. Over the last several hours B has began a decline and A has remained flat.
If/When this makes it's crossover I will be looking for a very nice upswing in price. $11500 - $12000. If A hooks up with B in a downtrend motion we could see BTC price drop. While there are a handful of good supports on the way down, those futures gaps are always haunting. $9000 or even $8600. So be careful but be optimistic is my stance. I'm looking for the Senkou A/B crossover and if A start upward we have an even stronger case for price gain.
Cheers!
The last upswing was not supported with the cloud, as can be seen in the attached idea, and I have been waiting for this to change for the better. Over the time period between July 26th and August 6th we saw the red cloud heading up along with BTC price, both A and B were moving in tandem. Then August 8th and 29th Senkou A began dropping while B stayed flat, gobbling up all the bulls in the trap; until now. Over the last several hours B has began a decline and A has remained flat.
If/When this makes it's crossover I will be looking for a very nice upswing in price. $11500 - $12000. If A hooks up with B in a downtrend motion we could see BTC price drop. While there are a handful of good supports on the way down, those futures gaps are always haunting. $9000 or even $8600. So be careful but be optimistic is my stance. I'm looking for the Senkou A/B crossover and if A start upward we have an even stronger case for price gain.
Cheers!
