TheKing Summer Time

업데이트됨

- Okay, so TheKing dipped around -20%.
- For some peoples it could means panic and the end of cryptos.
- For Veterans those kinds of "mini crash" are very commons.

- We saw already harder moves in 2019 ( White Circle )
- Now those corrections are more large simply because BTC price is higher.
- Actually the situation still looking much more better than 2019-20 ( Covid )

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- i used only ichimoku on weekly Timeframe to make this analyze.
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- Like always everything is in graph.

- Basically BTC got a first big resistance around 32k$. ( Flat Cloud ).
- Next potential resistances are around 43k$ and 48k$. ( Flat Cloud ).

- For now BTC bounced on Kijun and found a support around 25k$.
- The price is staying inside the cloud so it just means for now " indecision ".
- Kijun Line ( Red ) is starting to make a flat around 25k$, it could mean " Build Support ".
- on Weekly TF, ichimoku cloud crossed bullish.

- So to get more bearish movements we need 2 confirmations at least :

1 : BTC have to dip under the red cloud.
2 : Tenkan and Kijun have to death cross ( Kijun (red line) have to go on top ).

So for now, nothing is predicting a new low but time will speak.

Happy Tr4Ding!

노트

Out from Red Cloud for the first time in 2023 :