TheAltcoinBuff

$CRYPTOCAP:WIF make sure to long once the price is above the cloud and bullish kumo crossover along with bullish tenkan-kijun crossover is achieved. Do not fomo till then. Will make lots of #money inshallah.

Historical Parallels: Looking at prior price trends, Bitcoin's recent price action echo historical attempts in early '21 and mid '21 to breach a significant resistance (30k-31.84k). At present, Bitcoin's attempt to overcome a resistant level enveloped within a Kumo cloud replicate a familiar pattern, potentially foreshadowing an imminent breakthrough. Weekly Ichimoku Analysis: An examination of the recent trading week unveils intriguing details. The closure above the Kijun support resists downward pressure, conceivably priming the market for an upward trend. Simultaneously, subtle fluctuations in the Kumo cloud configuration hint at an impending stabilization phase. Eruptive Move: Rooted in these technical details, a forthcoming bid to surpass the Kumo cloud's barrier and reclaim the 43k threshold gains importance. Achieving it could potentially pave a clear route to the 50k mark, based on a consolidation near the 43k level. Kijun Support: It mainly depends on Bitcoin's ability to grip the Kijun support. Serving as a lifeline, any lapse in maintaining it might trigger a reversal. A failure to secure this support level might change the course towards revisiting the 15k territory. In summary, Bitcoin's current technical situation closely resembles past trends that often led to big price shifts. The coming together of resistance challenges, the appearance of the Kumo cloud, and the steady Kijun support all highlight the complex nature of the market. As the crypto community watches with anticipation, this intricate interaction could play a big role in determining where Bitcoin goes next.Enjoy the gains as it is BOOM time.Bitcoin is near a monthly resistance here. Hence Need to get that push for it reach 40k.

A weekly close above 30.6k could mark a turnaround, supported by rising Tenkan San and upward Senkou Span A. The lagging coming near to price and flat Kijun hint at consolidation. Continuous MACD crossings and red bars suggest ongoing bearish momentum. If we close above kumo cloud, it might set the stage for a trend reversal. This situation balances between consolidation and potential reversal, with a key role for the closing above kumo in determining future market direction.

Ichimoku Cloud: Signals a mix of trends, including a bearish Kumo crossover and bullish upward-pointing Senkou Span B. Tenkan Sen & Kijun Sen: Both flat, indicating consolidation and indecision in the market. MACD: Shows bullish momentum with a crossover above the signal line and green histogram bars. RSI: Remains around 50, reflecting a neutral stance. Given this complexity, a comprehensive approach is advised.

On weekly #Ichimou analysis of BTC , I feel that it has a potential for a 40k once it breaks out of kumo. However support is at 28.3k, i.e. at tenkan.

Price is below tenkan. And if we close below 29.5k on daily than, next support for it is at around kijun.

Tenkan-Kijun crossover did not happened. Only thing holding it from falling till 29k. There is a weak support at 29.5k but if bearish crossover happens than it will not hold.

Have less confidence in ETH here. Pivots: R: 1913.72 S: 1844.3

Ichimoku analysis for Bitcoin Price below kumo & kijun pointing down. Only thing holding #BTC is the flat tenkan. Will consider the tenkan as resistance for shortterm with outlook as bearish in longterm. If Closing below 26.5k then next is 25k

Keeping an eye on ETC. Looking for a breakout here. Closing above 22.45 could help it zoom.