Tlr

BTC/USD Strong set up using Ichimoku Cloud

BITFINEX:BTCUSD   Bitcoin
1. The last 3 periods confirm the expected resistance perfectly, highly suggests the Bull/Bears are battling in the 4 hour charts.

2. Conversion Line crossed the Base line from the bottom, and continued to uptrend

3. Conversion Line below the price and above the Base line, Two bull signals

4. The lagging span is awaiting confirmation if resistance can be broke, before a strong bull signal

Combine all this when the price is above the Kumo cloud, and you have one of the strongest possible set ups

Also bonus, Check the daily chart, to see the MACD cross over the signal line and above the zero line.


All of the above depends on how hard the bears will fight, all opinions are mine and not intended to persuade or be investment advice.
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