Bitcoin Massive Bullish Signal CONFIRMED

21 Okt

Alright, so let's discuss what happened. Take a look at the chart below. It's Bitcoin's weekly chart containing the Ichimoku indicator.

The Ichimoku Cloud is a comprehensive technical indicator. It consists of several elements. Here are the ones that are important in this case: Tenkan-Sen (blue line in the chart), Kijun-Sen (red line in the chart), and Kumo (green and red cloud in the chart).
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In general, the Ichimoku indicator can deliver various signals.

However, one particular signal is typically considered the strongest and most reliable.

For the bullish version of this signal, you want the Tenkan (blue line) to cross above the Kijun (red line). Additionally, you want that cross to happen above a green cloud.

Guess what? This is precisely what happened with yesterday's weekly candle close.

This signal last flashed in October 2023 (!!), and we all know what happened after that. Bitcoin pumped 150% to 73k.

Therefore, it looks like all engines are on and ready to go.

Nevertheless, remember: Signals on the weekly chart are highly probable, but they need time to play out. The signal might not lead to an immediate price increase, but it could lead to a substantial and sustainable one.