Here are the key levels to watch for Bitcoin / USD on the daily timeframe.
The price of bitcoin is still over the kumo cloud.
The Lagging Span is actually encountering a green candle.
Downtrend scenario :
If the Lagging Span crosses the price and gets under it then that would be a first confirmation of a down trend.
In that case it would have to cross the blue Tenkan Sen and the red Kijun Sen to have a second confirmation of a down trend.
Back to uptrend scenario :
If the Lagging Span keeps being over the price.
And the price does not get into the Kumo cloud.
The price of bitcoin is still over the kumo cloud.
The Lagging Span is actually encountering a green candle.
Downtrend scenario :
If the Lagging Span crosses the price and gets under it then that would be a first confirmation of a down trend.
In that case it would have to cross the blue Tenkan Sen and the red Kijun Sen to have a second confirmation of a down trend.
Back to uptrend scenario :
If the Lagging Span keeps being over the price.
And the price does not get into the Kumo cloud.
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Clause de non-responsabilité
Les informations et publications ne sont pas destinées à être, et ne constituent pas, des conseils ou recommandations financiers, d'investissement, de trading ou autres fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.