Ichimoku on the daily giving us an exit point for downtrend
The daily Ichimoku cloud shows us we have a few days where there is nearly no resistance from the cloud coinciding with the dowtrend on the logarithmic scale.
For me, this would be our best option to break the downtrend here.
Past couple of days, volume was extremely low, at a level of where the 2017 BTC rally started to take off.
We also saw a Wyckoff accumulation phase which we broke bullish with huge volume.
For me, this would be our best option to break the downtrend here.
Past couple of days, volume was extremely low, at a level of where the 2017 BTC rally started to take off.
We also saw a Wyckoff accumulation phase which we broke bullish with huge volume.
Note
Painting a bull pennant, also hidden bullish divergence on 1H
My ideas are not meant for trading advice, always do your own research. Always be prepared for bull and bear scenarios
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If my ideas were helpfull, feel free to donate here: 1Kufwyg8tq8s76SUfCPvCZUVgLxSha8UZZ
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
My ideas are not meant for trading advice, always do your own research. Always be prepared for bull and bear scenarios
If my ideas were helpfull, feel free to donate here: 1Kufwyg8tq8s76SUfCPvCZUVgLxSha8UZZ
If my ideas were helpfull, feel free to donate here: 1Kufwyg8tq8s76SUfCPvCZUVgLxSha8UZZ
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.