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JoelRBishop

Will Bitcoin Continue To Drop?

Bitcoin / TetherUS (BINANCE:BTCUSDT)  
JoelRBishop Uppdaterad   
BINANCE:BTCUSDT   Bitcoin / TetherUS
Technical Indicators Chart Patterns Trend Analysis Bitcoin (Cryptocurrency) BTC Ichimoku Cloud cloud kijun tenkan forecast BTCUSDT BTCUSD
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indicator chartpattern trendanalysis bitcoin btc ichimokuclouds cloud kijun tenkan forecast btcusdt btcusd
Looking at the 6D chart with Ichimoku cloud, it definitely seems possible that bitcoin may continue to drop. The way the current candle is hanging from the Kijun does not look very good. There are more support levels that could be tested such as 26k, 18k, 15k.

We should play close attention to the bitcoin price action today along with watching the 4D and 5D charts which have a candle that completes today.

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4D Chart:
snapshot
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5D Chart:
snapshot
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3D cloud was penetrated. Will it continue to push through?
snapshot
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