Market Overview
15.05.2018, 07:35

BTCUSD technical analysis

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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