Bitcoin passes its resistance price at $9,400-$9,500 and reaches $9,745 as the new 2020 high.
~snipped
Source:
https://cointelegraph.com/news/bitcoin-price-surpasses-9-700-to-hit-new-2020-high
Parang hindi pa kakayanin ang new ATH this year, we need to see na mabreak ni BTC ang $15k barrier before the end of the semester para medyo mahaba haba ang buwelo towards $20k+ or magkaroon ng mahabang trend ng FOMO sa market.
Anyway wanted to share another great insight sa trading view, this time its Ichimuku Cloud Bull Signal!
** Ichimoku Cloud turning bullish **
As you see on the chart the roll-over/ switch on the Ichimoku Cloud since the December 2017 All Time High ( ATH ) has only happened three times. Three times in the span of more than two years. And this week we just had the fourth occurrence.
Let's break this signal down a little more: The first incident was in March 2018. The Ichimoku has then turned bearish for the first time since November 2016. This basically was the official start of the 2018 Bear Cycle, the indication that the ATH would not be recovered before a lengthy and stronger decline.
The next roll-over was a Bullish one and took place in April 2019, which practically validated the extension of the rally that month and also the fact that the bottom of the previous Bear Cycle was in. The third occurrence was last October (2019) confirming the correction of the previous 3 month rally.
Now we've just had the fourth turn; second bullish of the time frame we are looking at.
Read more on : BITCOIN Ichimoku just gave a strongest BULL SIGNAL possible!!
Position: Long