Ichimoku Weekly

٢٣ ديسمبر ٢٠١٩

BTC weekly has broken beneath the cloud. Both leading spans are pointing downward, and both the conversion/base lines are pointing downward. Overall, this is a very bearish picture for BTC. Currently in a good strong uptrend, however, after a strong bounce at 6400. Previous weekly close was very bullish. We may see a short-term run up to the cloud where we may test 8500. If we do, I'm expecting a reversal and further move the downside.