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Technical Analysis on BTCUSD

27 April 2018 Marios Athinodorou

Based on the current market conditions and the Ichimoku system, it could be noticed that the price appears below the Kumo, but the Tekan Sen and Kijun Sen seem to be in bullish formation. Chikou span seems to be above the price. Furthermore, the price may give the impression that it has bounced on the thick cloud. If the price moves below the Tekan Sen and Kijun Sen, then we could consider looking for potential bearish signals.


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