Just bounced for a second time off of the kijun. Possible confirmation of falling wedge trend line support and subsequently the reversal of the short term pullback and continuation of the underlying upward trend. If it holds support at this level it will take off like a rocket to the top of the cloud. If it breaks out of the cloud, move your stop up target 1. Look...
4h Checklist:
TK Cross CHECK
Bounce from support @ 5250 at most (set stop just below)
MACD bullis cross
Close inside of cloud
Nice twist CHECK
Lagging span break through cloud
Kumo break
Moon
5 Thumbs up and I'll keep this updated
I expect this to test 5200-5300 level. Looks pretty oversold in the short term. This chart looks eerily similar to many other charts right now as I believe they are dancing to the drum of BTC.
