Like every week, let's take a look at the long-term BTC (Weekly) with Ichimoku!
So yes, there is a lot of information, but don't worry, over time you'll manage to read it at a glance.
Well, how can I say that this screen makes me ultra bullish and all the data I'm going to send you today too. Even though I can see a little PullBack at 68,000 before heading towards 80,000 (I'll explain later).
Firstly, looking at the momentum oscillators (RSI + MACD), we can observe that there is no bearish divergence, so that's very good news!!
Secondly, when I look at the Price Action, I see an asset that is making higher highs and higher lows (DOW Theory), with no signs of weakness or trend reversal.
And finally, the next target is 80,000, but you still need to know the possible retracement levels:
1. Tenkan = 60,725
2. Kijun = 50,442
You understand that personally, I see more of a trend continuation than a retracement.
