jawpilot23

4 hour / TK cross possibility

BITFINEX:BTCUSD   Bitcoin
The 2 hour channel I suggested previously has held so far and now we're looking at a potential bullish TK cross (blue arrow). Last bullish TK cross on the 4 hour was 16 November (green arrow) and led to a 165% move trading out on the bearish TK cross (red arrow). Strong resistance at the 14-16k areas as noted previously and crossing in the cloud with chikou below price is not ideal. Will look for more confirmation if the TK cross does occur.

I use Ichimoku settings 20, 60, 120, 30 as suggested by Josh Olszewicz (@CarpeNoctom on twitter) for reference.
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.