I love ichimoku and kijun crossed tenken above cloud is somewhat a good sell signal. Price is still above cloud so it is not very strong sell signal but this sort of sell signal at least bleeds 8-10% which from 7200 should be atleast 6600 which also meets the upper resistance linet
If H&S is playing out we might see prices of 6.2k which will be a strong support level. I would watch out for potential reversal from that point. Untill then i am bearish based on larger TF's.
Also i am soon posting weekly analysis which is extreme bearish.
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watching closely
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make it or break it
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7k has to break for more blood lets hope it does.
watch this closely.. any big red or green volume can change the whole direction
@vaskojovanov, hey did u see my 2nd last post of probable double bottom and w formation. people FOMO bought i think or new tether scam magically created more tether to buy bitcoin. as of now if u r short i woudn't close untill the new ATH. it definitely could come to 7k level. i would stop at new ATH tho. does this help?
UnknownUnicorn942585
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Are these default ichimoku settings i dont see a crossover on 20,60,120,30 default ichimoku settings dont work with cryptocurrencys its a 24/7 market
Altcoinsmart
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@RAKIM, agreed. i normally do 20,60,120,30 but this tells me earlier as its a smaller tf's. if you just look at the past on how we have bleeded you will get the answer. Hope that helps.look at last two. 5.6 to 5.1 and 5.8 to 5.3
This is a short term sell from 7.2 to 6.6 area