Bitcoin Stuck In The Clouds, But Brighter Days Could Be Ahead

Por NewsBTC - 2 anos atrás - Tempo de leitura: 3 minutos
Sex, 13 de agosto de 2021 8:00

Bitcoin Stuck In The Clouds, But Brighter Days Could Be Ahead

Bitcoin price is stuck at around $46,000 unable to push higher despite some strong momentum and buying at its back. The reason for the resistance, is because the leading cryptocurrency by market cap has its head caught in the clouds.

No entanto, assim que essas nuvens se dissiparem, isso poderá levar a dias muito mais ensolarados no mercado de criptomoedas mais uma vez.

Bitcoin price has whipsawed back and forth by more than 50% during 2021. The most recent recovery from lows has momentum behind it, but has taken a pause at the current level.

The area where the top cryptocurrency is stuck, is in a confluence of cloud resistance across several high timeframes, according to the Ichimoku indicator. Ichimoku Kinko Hyo loosely translates to “one glance equilibrium chart” or “instant look at the balance chart” in Japanese.

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It was created by Japanese journalist Goichi Hosoda and has a variety of functions and uses. It can signal when to buy or sell an asset, when an asset is bearish or bullish, or in this case, where support and resistance might be.

The Chikou-span or the lagging span, is plotted backward and only one way support or resistance can be found. Other spans, such as the Tenkan-sen and Kijun-sen, also act as such. Finally, the kumo or cloud can also act as resistance as we’re seeing across several high Bitcoin prazos.

On the 2-day through the 5-day, Bitcoin price is touching the top of the Ichimoku cloud. A decisive close outside it, along with a retest that holds should send the cryptocurrency back to all-time highs. Rejection here could cause a push back to the bottom of the cloud.

The level also matches up with the Tenkan-sen resistance on weekly timeframes. The Tenkan-sen, also called the base line, is moving sideways on the weekly timeframe suggesting Bitcoin is consolidating. A downtrend would show with a corresponding move down in the base line.

On the right hand side, however, we’ve got the monthly Bitcoin chart which is the most bullish of all. At just a glance, there’s very little resistance above Bitcoin price currently.

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A ação do preço está acima de Tenkan-Sen e Kijun-Sen, a nuvem, e há apenas um aumento acentuado para enfrentar acima de cerca de US$ 60,000 por BTC.

If Bitcoin can take out that level, there’s no resistance left and price discovery should resume across crypto.

#Bitcoin is touching Ichimoku resistance on most time-frames except monthly. Very little resistance there. New ATHs ahead. pic.twitter.com/hytiJZcTxB

- Tony "The Bull" Spilotro (@tonyspilotroBTC) 13 de agosto de 2021

Siga @TonySpilotroBTC no Twitter ou através do Telegram TonyTradesBTC. O conteúdo é educacional e não deve ser considerado um conselho de investimento.

Fonte original: NewsBTC