Bitcoin Ichimuku analysis
Updated
Ichimuko in trading view :
Tenkan sen = Conversion line
Kijun sen = Base line
Chikou span = lagging span
The price chart is below the komu cloud and both Tenkan sen and Kijun sen lines are superimposed and have a downtrend with steep slope so I expect that in some future days the kijun sen go to equilibrium and tenkensen go lower and turn the price chart upwards towards the kijun sen.
The lowest price we can expect is about 32500$ to 335000$, after that most likely, the price will go up to reach the kijun sen (maybe about 43000$ to 44000$).
At 05-22-2021 I expect a change in trend that downtrend change to a sideway and at 6-04-2021 another trend revers depending to previous trend revers but i think the second revers is a uptrend even for 1 or 2 days.
Tenkan sen = Conversion line
Kijun sen = Base line
Chikou span = lagging span
The price chart is below the komu cloud and both Tenkan sen and Kijun sen lines are superimposed and have a downtrend with steep slope so I expect that in some future days the kijun sen go to equilibrium and tenkensen go lower and turn the price chart upwards towards the kijun sen.
The lowest price we can expect is about 32500$ to 335000$, after that most likely, the price will go up to reach the kijun sen (maybe about 43000$ to 44000$).
At 05-22-2021 I expect a change in trend that downtrend change to a sideway and at 6-04-2021 another trend revers depending to previous trend revers but i think the second revers is a uptrend even for 1 or 2 days.
Note
almost done
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