BitcoinLong
BTCUSD Bitcoin Ichimoku
Daily chart - approaching oversold area Stochastic and Still downtrend area on RSI. We have dropped below 50DMA and slowly moving into another side of the cloud. According to daily chart the price should reverse sometime soon.
Weekly Chart - Ichimoku cloud looks very strong, and we are above 50DMA. However, Stochastic from overbought is curling down for correction also RSI how somewhat downward momentum as well.
Conclusion - Bitcoin might have farther longer correction which is most likely the scenario based on a weekly chart. Based on a daily chart we can see an upward movement over the weekend and perhaps farther correction.
I could be wrong.
Weekly Chart - Ichimoku cloud looks very strong, and we are above 50DMA. However, Stochastic from overbought is curling down for correction also RSI how somewhat downward momentum as well.
Conclusion - Bitcoin might have farther longer correction which is most likely the scenario based on a weekly chart. Based on a daily chart we can see an upward movement over the weekend and perhaps farther correction.
I could be wrong.
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Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.