BTC 1D vs TOTAL Crypto Market 1D Ichimoku Cloud
A comparison.
The Ichimoku cloud turned red on our BTC chart starting the 3rd week of May during late April. A foreshadowing of things to come.
The Ichimoku cloud is currently predicting a downturn for the Total Crypto Market starting this weekend. This is the first time that our cloud will be turning red since late October/early November (The same as our BTC chart.
However, if we were to zoom out on both charts to a weekly time frame, it shows that our bull run is intact through at least November on both our BTC and total market charts.
My bias is currently mid term bearish through the summer but long term bullish.
Remember there are currently future gaps on the BTC chart at 18k, 24k, 49k, and 61k.
I think we'll be retouching the 1.2 trillion area again for the total crypto market and i would not be surprised if there was a sharp wick between the 800 Billion/1 Trillion area (or a return to the mean before we head back up).
Good luck everyone.
The Ichimoku cloud turned red on our BTC chart starting the 3rd week of May during late April. A foreshadowing of things to come.
The Ichimoku cloud is currently predicting a downturn for the Total Crypto Market starting this weekend. This is the first time that our cloud will be turning red since late October/early November (The same as our BTC chart.
However, if we were to zoom out on both charts to a weekly time frame, it shows that our bull run is intact through at least November on both our BTC and total market charts.
My bias is currently mid term bearish through the summer but long term bullish.
Remember there are currently future gaps on the BTC chart at 18k, 24k, 49k, and 61k.
I think we'll be retouching the 1.2 trillion area again for the total crypto market and i would not be surprised if there was a sharp wick between the 800 Billion/1 Trillion area (or a return to the mean before we head back up).
Good luck everyone.
Отказ от ответственности
Все виды контента, которые вы можете увидеть на TradingView, не являются финансовыми, инвестиционными, торговыми или любыми другими рекомендациями. Мы не предоставляем советы по покупке и продаже активов. Подробнее — в Условиях использования TradingView.