$BTCUSD . Is it forming a base?

$BTCUSD forming a base?

Bitcoin trading price, $BTCUSD , seems to be settling a base could be forming.

From the Ichimoku chart, we can see that

1. $BTCUSD is in bearish territory.

2. A bullish cross may be taking place soon if price goes up a little bit more.

3. The kumo resistance ahead is thinning out with immediate resistance at $520.

4. Should the price stays sideway till June, resistance looks to be around $482; thin kumo resistance.



$TSLA . Change in trend

$TSLA change in trend. Kumo twist.


Tesla Motors ($TSLA) run seems to have peak.

On the Ichimoku chart, it shows that $TSLA has retrace from the peak of around $260 and is now trading within the kumo.

Support level is expected at $193.94 while resistance is at around $218.79

The leading kumo has twisted suggesting that a change in trend is imminent.


$BTCUSD . Bitcoin needs to trade above $490

Bitcoin trading below kumo.

Bitcoin trading below kumo.


Bitcoin, $BTCUSD , is currently trading below the kumo and is in bearish territory.

The leading kumo shows that it is flattening; suggesting that it may consolidate around this level.

For $BTCUSD to be bullish, it needs to break above US$490 above the kumo.