#trackingthekumo

The price of Bitcoin has been struggling to find it's feet off late. Currently it's breaking out the bottom of the Cloud at the 15M to the 1H Charts. The signal is a clear sell there. The price is below

BCH is taking a tumble. The chart shows a sudden trend change for Bitcoin Cash, which is especially visible at the 15M chart, where the price is below the clouds and the lines, and dropping fast and heavy.

The price has been in the red for two days now. This is natural and expected. When ever the price strays too far from the kijun-sen, it tends to attract it back towards itself by flattening. Lets do a

The 3H chart of BCH shows a kumo-breakout, with the price slowly exiting the cloud leaving behind a flat kijun-sen. This would ordinarily be my entry point to go long, but the following things worry me

The price is below the clouds, below the lines, and a TK cross over seems imminent. The tenkan may just dip below the kijun-sen if the price drops further. The price finds support at the tenkan-sen in

That's EOS taking a nose dive through the cloud at the 30M scale. This is EOS at the 6H and 9H scales - The price in both the charts has returned to the kijun-sen. As I'd noted in my earlier post on EOS,

The price, the Tenkan-sen and the Kijun -Sen are all currently meeting at the 1H chart. The meeting is above the kumo, the lagging span is clear of the price, and the sentiment seems positive overall,

Bitcoin has been running towards the sun for the past few days now. It has seemed unstoppable. Before breaching $6000 definitively, it bounced around the 5700-6100 mark for quite a while. A similar resistance

EOS has been on the rise lately on some positive news it seems. At the 6H level, the price has broken through the kumo, on to the sunny side. This is the first time it has done that. The kijun-sen is flat

ETH has made a dash to cloud. Looking at the 6H chart, it's all cloudy. The TK cross takes place above the cloud, though that's a weak negative signal, cloudy is cloudy. Looking at the macro 1D scale,