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Sunday, December 28, 2014

Bitcoin 4hr rejected off flat kumo


This Bitcoin chart is really interesting to follow from a technical analysis perspective. Look how here on this 4 hour chart it it had a swing down to the flat kijun sen support. It then opened below the kumo and swung up to hit the flat kumo resistance and has now been rejected off that flat kumo and opened with a bearish kumo breakout as the bearish momentum of the MACD suggested. I will start to follow this chart on a regular basis. I think it will be a good one to study. I have been following it on my demo account but the chart was very basic. Now I can follow it on my IG Markets Ichimoku chart.

Bitcoin 4hr chart

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