Ichimoku x IKAGI:
Let's cut the drama and focus on the chart.
Bitcoin got the rejection we expected FOR WEEKS. Patiently hunted that short LIKE A HAWK, paying beautifully right now.
The Chikou got under the price again, telling us the chart is on a big boring fight, it can mean nothing OR it can mean everything. That's why this PA is important, as well as how you manage YOUR RISK! You can see the waning momentum on the Kumo which is closing up, and potentially turn red. So, in reality IT IS still early. Price should find some support at the Kumo, and I don't think we are going to break the WP support below right now, conditions are not there yet. After such a drop a bounce there makes sense in terms of R:R.
So let the price and time do its thing. Don't rush it, and don't let yourself be fooled by short term impulses or drops, because the price is NOT trending right now. Let Ichi show you the way over time. Once the dominoes start falling (Tenkan, Kijun, Chikou getting UNDER the Kumo) we will be able to say the impulse from April 7th ended and we are effectively on a fresh correction.
One day at a time fam! đșđȘ
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