After a couple weeks, there's not much to say but to comment that so far Bitcoin has move in the way we expected. As usual time will heal that dump we had, you can see how far the Chikou (Lagging Span) is from the price, that's the first condition we need to consider any impulse on the bull side. We can also see there's some equilibrium missing on the TK lines, which price should eventually retest either by the Kijun going down, or the price going up.
This is also a reminder from a post I made back in July, signaling a new important WP Cycle for Bitcoin that started back in August 8th. Last major 1W WP Pivot was Jan 12th. I think that is a good brief summary on Ichi +WP. The support we had since Dec 2024 at 64K is holding so far... But until we start to conquer resistances, price is weak and far from being above the water. TL:DR: Be patient... One day at a time! 👺 $BTC
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After a couple weeks, there's not much to say but to comment that so far Bitcoin has move in the way we expected. As usual time will heal that dump we had, you can see how far the Chikou (Lagging Span) is from the price, that's the first condition we need to consider any impulse on the bull side. We can also see there's some equilibrium missing on the TK lines, which price should eventually retest either by the Kijun going down, or the price going up.
This is also a reminder from a post I made back in July, signaling a new important WP Cycle for Bitcoin that started back in August 8th. Last major 1W WP Pivot was Jan 12th. I think that is a good brief summary on Ichi +WP. The support we had since Dec 2024 at 64K is holding so far... But until we start to conquer resistances, price is weak and far from being above the water.
TL:DR: Be patient...
One day at a time! 👺 $BTC