BarneyG

BTC 34k Cloud support

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BITSTAMP:BTCUSD   Bitcoin
BTC ichimoku cloud support 34k

After a great run it looks like the btc ride is coming to an end. Btc is hovering around the 34k Ichimoku cloud support, the same breakout region as the chart linked below when i signified BTC was breaking out.

The perfect storm arrived in the Equities market which as it always does hammers risky assets first, crypto is the riskiest of risk asset class,

If we breakdown 34k we have 29k as a point of support to offer a bounce back to 34k for a 5k profit, but unless there is some serious catalyst I dont see much hope for this asset class this year

After 29k refer to the Shark or V top pattern linked below
Komen:
34k Cloud support holding up for now

Penafian

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