BTC 11.28.2019 - End of the upward correction and bear cross on intraday Ichimoku

BTC has been trading sideways at the price of $7.396. Anyway, I see potential for the end of the upward correction (ABC) and potential beginning of the new downside leg. Watch for selling opportunities.

Ichimoku analysis:
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15M time-frame

The price just crossed below the Ichimoku cloud on the 15M time-frame, which is sign that sellers took control from buyers. Intraday support levels are set at $7.306 and $6.800. The 15MIN time-frame produced sell signal.

H4 time-frame

Based on the 4H time-frame, the price reached Ichimoku cloud but the overall trend is still bearish. My advice is still to watch for selling opportunities with the targets at $6.800 and $6.450.




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Performed by Petar Jacimovic
Analytical expert
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