You want a new uptrend in BTC? It won't happen until the price of BTC significantly breaches this Ichimoku cloud (daily chart).

This cloud has been acting as resistance in the last 12 months. Everytime the price reached the cloud or even entered the cloud, it got rejected. This happened 7 times in a row now.

Will the next try be able to breach it?

If you think this to be useful information:


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DISCLAIMER: This post / analysis serves general information purposes only. I am not a financial adviser. The material in this post does not constitute any trading advice of any kind. This is just the way I see the charts and what my trading ideas are. I use chart pattern and Elliott Wave analysis for my trading ideas.
For full disclosure: The author of this post is holding positions in this market at the time of this post. Please conduct your own due diligence, if you plan to copy anyones investment decisions!
If you make any trades or investments after reading this post, it is entirely at your own risk. I am not responsible for any of your losses. By reading this post you acknowledge and agree that you will never hold me liable for any of your losses.

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