BTC Analysis based on Ichimoku
If you look at the ichimoku, we see that 24th of July BTC has a breakout signal from the Kumo cloud. However, this is a faked breakout signal when the Chikou span can't escape the Kumo cloud.
At the moment, BTC is at $7341. In 1D frame, BTC is being supported by Kijun-sen line with a relatively thick cloud of Kumo. We see that price may be supported at the current $ 7200 level for a short period of time. When Kijun-sen support line breaks, price will fall to second support at $6800. This area can be considered major support ahead. However, clouds here are very thin and easy to pierce through.
We will continue to observe and wait for clearer signals. You can follow the latest update at: t.me/KriptoA_com
At the moment, BTC is at $7341. In 1D frame, BTC is being supported by Kijun-sen line with a relatively thick cloud of Kumo. We see that price may be supported at the current $ 7200 level for a short period of time. When Kijun-sen support line breaks, price will fall to second support at $6800. This area can be considered major support ahead. However, clouds here are very thin and easy to pierce through.
We will continue to observe and wait for clearer signals. You can follow the latest update at: t.me/KriptoA_com
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