BTC over several resistances, we are short term bullish

Bitcoin is over both the 12 and 26 moving averages and Ichimoko cloud on the 4hour. And on the daily over the MAs but still under the cloud....
Currently we are hitting the hard resistance on the Daily upward trend line as we approach the stronger weekly downward trendline. Note vol is also starting to drop off, the Bulls are starting to face an uphill battle now to get back to 7500.

Settings for Crypto Ichimoku Cloud
cryptobulls.info/ich...ings-for-tradingview

Kommentera:

Coming back to this idea, so I was right for about 5-6 days afterwards before the news about those large old Bitcoin wallets being moved to exchanges...