Ichimoku cloud indicator analysis of Bitcoin for September 13, 2018


Trading recommendations:

According to the H1 time - frame, I found that price broke the supply trendline in the background and the Ichimoku cloud, which is a sign that buyers are in control. I also found the rising upward trendline and successful rejection of the Tenkan-sen (yellow line), which is another sign of strenght. On the H4 time – frame, I found a fresh cross of Tenkan sen – Kijun sen, which is another positive sign for a further upward movement. Watch for buying opportunities. The upward target is set at the price of $6.696.

Support 1 – $6.384 (yellow line)

Support 2 - $6.309 (purple line)

Objective target - $6.696 (Fibonacci expansion 161.8%)

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