A Short Pause In Bitcoin's Rally Before Moving Higher?
Short-term BTC Analysis
A pause in #Bitcoin 's move higher? Possibly. Might not last long though.
⚠️ Senkou Span B is the strongest support/resistance in the Ichimoku system, making it rare for prices to break through it.
⚠️ The Chikou Span reacts similarly to support/resistance as current prices.
⚠️ RSI and DTO are at historical resistance levels.
Thing To Watch This Week
👉 From now until Saturday (July 20), the Cloud gets thinner - meaning resistance to higher moves gets weaker.
👉 A major indication of a higher run is when the Chikou Span closes above candlestick bodies.
Until Saturday (July 20), the Cloud thins, weakening resistance.
👉 If Bitcoin is near the Kumo Twist, expect potential significant moves, akin to hitting a mushroom in Mario Kart.
A pause in #Bitcoin 's move higher? Possibly. Might not last long though.
⚠️ Senkou Span B is the strongest support/resistance in the Ichimoku system, making it rare for prices to break through it.
⚠️ The Chikou Span reacts similarly to support/resistance as current prices.
⚠️ RSI and DTO are at historical resistance levels.
Thing To Watch This Week
👉 From now until Saturday (July 20), the Cloud gets thinner - meaning resistance to higher moves gets weaker.
👉 A major indication of a higher run is when the Chikou Span closes above candlestick bodies.
Until Saturday (July 20), the Cloud thins, weakening resistance.
👉 If Bitcoin is near the Kumo Twist, expect potential significant moves, akin to hitting a mushroom in Mario Kart.
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