BTC Ranging for the weekend? Thoughts?
Based on Ichimoku Kinko Hyo analysis, it looks like we are ranging and potentially hitting possibility 1 or moving to possibility 4.
- The purple boxes show ranging on the price and the horizontal Senkou Span B.
- Kumo still showing slight upward movement
- Tenkan Sen above Kijun Sen
- Chiko Span upward looking and above price
- Senkou Span A upward movement
- Distance between recent high and Kumo Cloud is significant, but retracement inevitable
As always thoughts, remarks, and ideas are always welcome!
This information is not trading advice, only my personal opinion on potential market movements, and is for educational purposes only.
- The purple boxes show ranging on the price and the horizontal Senkou Span B.
- Kumo still showing slight upward movement
- Tenkan Sen above Kijun Sen
- Chiko Span upward looking and above price
- Senkou Span A upward movement
- Distance between recent high and Kumo Cloud is significant, but retracement inevitable
As always thoughts, remarks, and ideas are always welcome!
This information is not trading advice, only my personal opinion on potential market movements, and is for educational purposes only.
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