Bitcoin Bullish Says Ichimoku!

2023년 1월 13일

With the close the UTC Time Daily bar Bitcoin BTCUSD has officially entered a bullish trend. The current price has closed above the 50% Retracement from the FTX collapse dip.

What defines this signal is when price closes above the Daily Ichimoku cloud while the Lagging Span (Momentum/Chikou) is also outside the cloud.

This is the first time since March 2022 that this signal based upon Ichimoku has fired. The signal in March turned out to be a false breakout and there was more bearishness to go.



The inverse signal for a bearish trend to being was accurate back in December 2021. This price action signal was fundamentally triggered by the US Non-Farm Payrolls Jobs report which preceded the Fed's campaign to raise interest rates ultimately tanking the price of all risk assets including Bitcoin.


Today's bull signal is based upon optimism that inflation is coming back to normal and the Fed will not be forced to raise rates as aggressively in 2023 as it did in 2022.

2023년 1월 17일

노트

It is troublesome to the trend that Bitcoin has stalled out at the key Resistance of the pre-FTX high.

2023년 1월 17일

노트

30m Spike right at the FTX high this morning. Good risk short to play the Resitance

2023년 1월 27일

액티브 트레이드

Wednesday Bitcoin has a clear spike on the 4 hour.

2023년 1월 27일

노트

Context: This is happening at the September high