BTC - Let's see where and how this daily candle closes

已更新

A quick look at BTC/USD using the Ichimoku Cloud with the 20,60,120,30 settings as well as the Bollinger Bands and MACD Indicator.

The Ichimoku Cloud Conversion Line (Tenkan Sen) is indicating that the Short-Term Momentum is sideways at the moment.

The Ichimoku Cloud Base Line (Kijun Sen) is indicating that the Mid-Term Momentum is sideways at the moment.

The Ichimoku Cloud Lagging Span (Chikou Span) is indicating Momentum is upwards at the moment. Note that the Lagging Span (Chikou Span) is still under the price from 30 Periods ago.

At the moment BTC is fighting to stay in the Equilibrium Zone of the Ichimoku Cloud. Note that you can clearly see that BTC has found some resistance from the Ichimoku Cloud Leading Span A (Senkou Span A) level.

We need this daily candle to close above the Ichimoku Cloud Leading Span B (Senkou Span B) level and stay in the Ichimoku Cloud Equilibrium Zone on this 1d timeframe.

BTC is still below its Bollinger Bands Middle Band Basis 20 Period SMA. Note that the Upper and Lower Bollinger Bands are contracting inwards indicating momentum has slowed on this 1d timeframe.

Note that BTC has been below its Bollinger Band Basis for almost 30 days. If you are still uncertain whether to buy in or not then a close back above the BB Basis and successful re-test as support will be a good sign of continued upwards trajectory.

If we take a quick look at the Moving Average Convergence Divergence (MACD) we can see that the MACD Line (Blue Line) is still under the 0.0 Base Line in the Negative Zone. Note that the MACD Line (Blue Line) is curving upwards so we may eventually see the MACD Line (Blue Line) cross back above the Signal Line (Orange Line) which is a buy signal for traders who use this indicator on this 1d timeframe.

It'll be interesting to see where and how this daily candle closes.

I hope this is helpful with your trading and hodl-ing.

注释

A few things to look out for as confirmation of proper renewed bullish momentum on this 1d timeframe are:

A daily candle close back above the Ichimoku Cloud Leading Span B (Senkou Span B) level as well as any successful re-test as support.
A daily candle close back above the Ichimoku Cloud Conversion Line (Tenkan Sen) level as well as any successful re-test as support.
A daily candle close back above the Ichimoku Cloud Base Line (Kijun Sen) level as well as any successful re-test as support.
A daily candle close back above the Ichimoku Cloud Leading Span A (Senkou Span A) level as well as any successful re-test as support.
The Ichimoku Cloud Conversion Line (Tenkan Sen) crossing back above the Base Line (Kijun Sen) on this 1d timeframe.
The Ichimoku Cloud Leading Span A (Senkou Span A) crossing back above the Leading Span B (Senkou Span B) creating a Kumo (Cloud) Twist into a new green bullish cloud on this 1d timeframe.
The Ichimoku Cloud Lagging Span (Chikou Span) moving back above the price from 30 Periods ago.
A daily candle close back above the Bollinger Bands Middle Band Basis 20 Period SMA level as well as any successful re-test as support.
Expansion of the Upper and Lower Bollinger Bands when the price is above the BB Basis.
The MACD Line crossing back above the Signal Line.
The MACD Line crossing back above the 0.0 Base Line into the Positive Zone.

注释

At the moment, BTC is still trying to get back above the Ichimoku Cloud Leading Span B (Senkou Span B) resistance level on this 1d timeframe.

Note that the MACD Line (Blue Line) has crossed back above the Signal Line (Orange Line) creating our first Green Histogram since the 11th November. There is still a long way to go before we may see the MACD Line (Blue Line) cross back above the 0.0 Base Line into the Positive Zone on this 1d timeframe.