BTCUSD 01.12
Updated
BTCUSD, dead in the water. Stuck between its TS and KS. I see two scenarios :
1) The price break the DLY KS which would be a signal that the uptrend is resuming
2) We break the Cloud below, meaning the correction is not over and the target zone highlighted in my previous BTC analysis is still valid.
On the H4 chart the price is stuck between the Cloud and its TS.
Noting to do but wait for the moment. Patience is key.
Glossary :
WLY = Weekly
DLY = Daily
TS = Tenkan Sen
KS = Kijun Sen
LS = Lagging Span/Chikou Span
TL = Trend Line
TP = Take Profit
SL/ INV = Stop Loss / Invalidation level
TF = Timeframe
Kumo = Cloud, Cloud = Kumo
** THIS ANALYSIS IS MY OWN OPINION AND IS NOT A TRADING OR INVESTMENT ADVICE. ALWAYS TRADE WITH CARE **
1) The price break the DLY KS which would be a signal that the uptrend is resuming
2) We break the Cloud below, meaning the correction is not over and the target zone highlighted in my previous BTC analysis is still valid.
On the H4 chart the price is stuck between the Cloud and its TS.
Noting to do but wait for the moment. Patience is key.
Glossary :
WLY = Weekly
DLY = Daily
TS = Tenkan Sen
KS = Kijun Sen
LS = Lagging Span/Chikou Span
TL = Trend Line
TP = Take Profit
SL/ INV = Stop Loss / Invalidation level
TF = Timeframe
Kumo = Cloud, Cloud = Kumo
** THIS ANALYSIS IS MY OWN OPINION AND IS NOT A TRADING OR INVESTMENT ADVICE. ALWAYS TRADE WITH CARE **
Note
The H4 chart :
Related publications
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.