firebun

Bitcoin about to free fall in price?

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BITMEX:XBTUSD.P   Bitcoin
1D - Bearish
Found some support on the Kijun line around $12,700.
TD says we're going down for 3 more days. Looking to open a long opportunity around the 50MA.

4H - Bearish
5 more 4H bars or 20Hr to the downside. Currently, below the 200MA, which is now acting as resistance.
Lagging span is within the cloud still, which is neutral. Watch for it to break downwards & a freefall in price.

1H - Bearish
4 more hours to the downside according to TD.
Lagging span broke price yesterday (while below Kumo), which is a bearish indicator.

Senkan cross offered no bullish support. Was a weak bullish indicator since it was below the cloud. We are now falling out of the cloud.
Komen:
A lot of sideways price action the past few hours. 1H chart calling for a short, so we'll see if that happens.

Keeping an eye on the lagging span breaking down and out of the kumo cloud. That's a fairly strong bearish indicator.
Penafian

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