FubarDays

ready to break down

Kort
BITSTAMP:BTCUSD   Bitcoin
1
The 4h cloud will likely offer some support but Kijunsen has been tested and has held in the last couple of days. Since Chikouspan is about to clear below price action, we're open for a big move down. The hourly cloud (not shown shows we are still tangled in price action, but with the 4h Kijunsen offering so much resistance I see it breaking down rather than up. With that said, if we clear the 4hr Kijunsen, and Chikouspan makes it out of price action (242-244) I will probably close my short and wait to re-short when we hit the daily cloud.
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