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Cloudy future for Bitcoin could be an opportunity for bears on cryptos?

16 March 2018 Marios Athinodorou

Technical view


On the daily chart, it could be noticed a confirmed Kumo break out to the downside. In order to justify this, the components of Ichimoku system should be examined. Firstly, the price, the Tekan Sen and the Kijun Sen are out of the cloud. Furthermore, the Chikou span is out of the cloud and is trying to get out of the price too.

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