OCEAN/BTC Long
OCEAN/BTC looks primed for price increase here:
A near picture perfect Livermore accumulation cylinder
has been printed and is stalling before its next leg up,
the 8 impulse wave, which in Livermore cylinders is one
of the two most violent waves.
Price has increased on increasing volumes (indicated by
the + signs) and has decreased on decreasing volumes,
(indicated by the - signs)
During the 8th and 9th wave we expect volume to be
very large and price to be reflected by sharp movements
upwards, potentially getting to the 1 zone of the fib
retracement tool
@.00006157
Adding conviction to this thesis is that the MA30 has
crossed above the EMA100 which has been a tell tale
sign this bull market of which coins have/are gaining
strength.
Ichimoku is mostly bullish:
-Kumo cloud is green
-Lagging span is above price and cloud
-Price is above cloud
-TK is above cloud
However it still has work to do before it is fully bullish:
-TK is bearish
-Price is below TK
If support holds above gray line @.00002341 and the
Livermore cylinder begins to play out, we may expect
that relatively quickly the TK will cross bullishly and
price will rise above the TK, confirming the whole chart
being bullish at that point.
A near picture perfect Livermore accumulation cylinder
has been printed and is stalling before its next leg up,
the 8 impulse wave, which in Livermore cylinders is one
of the two most violent waves.
Price has increased on increasing volumes (indicated by
the + signs) and has decreased on decreasing volumes,
(indicated by the - signs)
During the 8th and 9th wave we expect volume to be
very large and price to be reflected by sharp movements
upwards, potentially getting to the 1 zone of the fib
retracement tool
@.00006157
Adding conviction to this thesis is that the MA30 has
crossed above the EMA100 which has been a tell tale
sign this bull market of which coins have/are gaining
strength.
Ichimoku is mostly bullish:
-Kumo cloud is green
-Lagging span is above price and cloud
-Price is above cloud
-TK is above cloud
However it still has work to do before it is fully bullish:
-TK is bearish
-Price is below TK
If support holds above gray line @.00002341 and the
Livermore cylinder begins to play out, we may expect
that relatively quickly the TK will cross bullishly and
price will rise above the TK, confirming the whole chart
being bullish at that point.
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