Following the Tenkan-Kijun Cross BTCUSD is now entering the cloud and setting up for an edge to edge cross of the cloud on the 12-hour chart.
This move would also correspond with a 50% Fibonacci retracement of the recent crash to the low 3000s. It will likely find resistance at the 50% retracement level.
This move would also correspond with a 50% Fibonacci retracement of the recent crash to the low 3000s. It will likely find resistance at the 50% retracement level.
