Market Overview

15 May 2018 07:37

Marios Athinodorou

On BTHUSD it can be observed that the price has formed a non-confirmed kumo break out yet based on the Ichimocu system. The tekan sen and kijun sen seem to be in bullish formation, the chikou span is above the price and the cloud seems to be on the bullish mode. What we would like to see here before start looking for any potential signals is the confirmation of kumo break out.
15 May 2018 07:36

Marios Athinodorou

Based on Ichimocu system it can be observed that the price is inside the cloud the kijun sen and the tekan sen seem to be in a bullish formation. The chikou span appears above the price. The picture here seems to be neutral for the moment but with a touch of bullishness. The clues here which may state a slide upward momentum are the chikou span with above the price , the kijun sen and tekan sen forming probable bullish behavior. Now the price is in the cloud meaning that based on the Ichimocu system bulls might not be ready yet.
15 May 2018 07:35

Marios Athinodorou

BTCUSD after the major fall of November 2017 is trying to recover with some minor reversals. For the past 5 months is in a range but if we notice here based on the Ichimoku system the price is out of the cloud and the tekan sen and kijun sean seem to be in a bullish formation. The chikou span is above the price meaning that the small uptrend it formed there may continue. But before we start looking for any potential bullish signals we need to have a cloud looking bullish and all the lines must be out of the cloud.

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