Notice on the Weekly, last time BTC broke through the Kumo cloud I circled in Red, followed by the test of the Kijun line I circled in Yellow. BTC is posturing very similar at the moment. Rci also showing a similar down trend as well.
I look for a drawn out downtrend to test the Weekly 200 MA. Historically the Weekly 200 MA is a juicy Long.
Plan to manage risk at the Kijun Line..... or more appropriately, the past Weekly Lower High at about 9550.
I look for a drawn out downtrend to test the Weekly 200 MA. Historically the Weekly 200 MA is a juicy Long.
Plan to manage risk at the Kijun Line..... or more appropriately, the past Weekly Lower High at about 9550.