Good day my friends,
The charts say it all. Bitcoin is trending upwards with incredible momentum. The higher time frames are super revealing as the Ichimoku has preformed a Tenkan (blue line) and Kijun (red line) cross on the weekly, a move which arguably marked the beginning of the epic bull run from Nov. 2015 to the peak of December 2017. Last week's weekly candle also broke and closed above the B span of the red cloud, a very hopefully sign.
At the time of writing there is a large gap between the Tenkan and BTC''s price (50% price gap). Historically, when price has shot this far above the Tenkan it has corrected back down to then find support on the Tenkan line. This is where my eyes are. If a pull back occurs, it would be pleasing to see the Tenkan support the up trend, along with a Waddah Attar Explosion buy print on the weekly. (Waddah Attar told no lies during the last bull cycle.)
Also to note is the Halving event happening just less than a year from now. This, and the crypto press's relentless hyping of higher prices to absolute no end, along with the mainstream media finally coming to grips that BTC is here to stay, leads me to believe the uptrend is only just beginning.
The charts say it all. Bitcoin is trending upwards with incredible momentum. The higher time frames are super revealing as the Ichimoku has preformed a Tenkan (blue line) and Kijun (red line) cross on the weekly, a move which arguably marked the beginning of the epic bull run from Nov. 2015 to the peak of December 2017. Last week's weekly candle also broke and closed above the B span of the red cloud, a very hopefully sign.
At the time of writing there is a large gap between the Tenkan and BTC''s price (50% price gap). Historically, when price has shot this far above the Tenkan it has corrected back down to then find support on the Tenkan line. This is where my eyes are. If a pull back occurs, it would be pleasing to see the Tenkan support the up trend, along with a Waddah Attar Explosion buy print on the weekly. (Waddah Attar told no lies during the last bull cycle.)
Also to note is the Halving event happening just less than a year from now. This, and the crypto press's relentless hyping of higher prices to absolute no end, along with the mainstream media finally coming to grips that BTC is here to stay, leads me to believe the uptrend is only just beginning.