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  • Marios Athinodorou



BTCUSD technical analysis

02 Јул 2018

If we examine the monthly timeframe based on Ichimoku system we can see that the trend is still bullish despite the recent fall of the coin.

The Ichimoku rules for having a new trend reversal say we need to have the price below the cloud the tekan sen and kijun sen lines must be in a bearish formation meaning that the white line needs to be below the Yellow and to have valid reversal signal the chikou span (green) needs to be below the cloud as well.

So on the long-term side, we are still technically bullish. A possibility that exists is the price to bounce on the 79% of the Fibonacci $4575.80 which is also a level of support.



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Marios Athinodorou

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