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Bitcoin

$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.

 

 

Categories
Bitcoin

$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.

 

 

 

Categories
Bitcoin Tech

$BTCUSD . Counter trend rally with resistance

Bitcoin counter trend rally

China’s regulation to close the Bitcoin exchange accounts by April 15.

With this passing, does that means that the selling has stop?

1. Resistance at $501 from Chikou Span

2. Current trend bearish; below kumo

3. Leading kumo flattening; suggest consolidation.