On the 4H time frame, BTCUSD moves down, in accordance with the Ichimoku system. The price may probably head below and out of the cloud, having the potential to break the Tekan Sen and Kijun Sen lines. In case the Chikou span goes below the price too, we could probably look for a potential bear signal.
Based on the Ichimoku system, it could be noticed that the price appears to be below and out of the cloud. Moreover, the cloud is aggressively down. All the lines seem to be in bear formation, except for the Chikou span which is in the price. In case the Chikou span heads below the price, we might consider finding developing bear signals.
Based on the Ichimoku system, it could be perceived that we have the same bearish picture. That is to say, in case the price heads below and out of the cloud, the Kijun Sen and Tekan Sen may be in a bearish formation, and if the Chikou Span finds it way below the price, we might consider looking for developing bear signals.
© 2000-2021. All rights reserved.
This site is managed by Teletrade D.J. Limited 20599 IBC 2012 (First Floor, First St. Vincent Bank Ltd Building, James Street, Kingstown, St. Vincent and the Grenadines).
The information on this website is for informational purposes only and does not constitute any investment advice.
Making transactions on financial markets with marginal financial instruments opens up wide possibilities and allows investors who are willing to take risks to earn high profits, carrying a potentially high risk of losses at the same time. Therefore you should responsibly approach the issue of choosing the appropriate investment strategy, taking the available resources into account, before starting trading.
Use of the information: full or partial use of materials from this website must always be referenced to TeleTrade as the source of information. Use of the materials on the Internet must be accompanied by a hyperlink to teletrade.org. Automatic import of materials and information from this website is prohibited.
Please contact our PR department if you have any questions or need assistance at firstname.lastname@example.org.