The above two charts show the Ichimoku and moving average analysis of the BTC Ranko chart.
Bitcoin respected the moving average of 40 bricks and could not cross it after creating a zigzag pattern. Finally, the zigzag pattern was broken down.
In the Ichimoku-Renco analysis, Bitcoin satisfied three key conditions for confirming the downtrend:
1- the new RED Renko bar appears Below the Cloud
2- Komu Cloud is RED and wide
3-The Lagging Span is below the Komu Cloud
We can now confirm that we have a downtrend. In the coming days, I expect the price of bitcoin to fall
Bitcoin respected the moving average of 40 bricks and could not cross it after creating a zigzag pattern. Finally, the zigzag pattern was broken down.
In the Ichimoku-Renco analysis, Bitcoin satisfied three key conditions for confirming the downtrend:
1- the new RED Renko bar appears Below the Cloud
2- Komu Cloud is RED and wide
3-The Lagging Span is below the Komu Cloud
We can now confirm that we have a downtrend. In the coming days, I expect the price of bitcoin to fall
