We all know the rebound was coming, now it's time to reassess and move on. Still bullish on the Daily chart. I'm going to do some analysis on the 4hr and smaller to find myself another rebuy position.
Ichimoku Kinko Hyo Kihon Suchi Study possibility 1 & 2
Price closes no lower than the bottom edge of the box which is even with Kijun Sen
Potential ranging within the box prior to upward movement
Possibility 3 & 4
Price drop is supported successfully by Kumo without closing inside. No trades within the Kumo.
Potential ranging within the cloud if the candles close inside.
Capped the top at $60k as it's a milestone - reversal upward range? who knows, 70k?
Let's see what happens!
As always comments and ideas are greatly appreciated!
-Doc
This information is not trading advice, only my personal opinion on potential market movements, and is for educational purposes only.
Ichimoku Kinko Hyo Kihon Suchi Study possibility 1 & 2
Price closes no lower than the bottom edge of the box which is even with Kijun Sen
Potential ranging within the box prior to upward movement
Possibility 3 & 4
Price drop is supported successfully by Kumo without closing inside. No trades within the Kumo.
Potential ranging within the cloud if the candles close inside.
Capped the top at $60k as it's a milestone - reversal upward range? who knows, 70k?
Let's see what happens!
As always comments and ideas are greatly appreciated!
-Doc
This information is not trading advice, only my personal opinion on potential market movements, and is for educational purposes only.
