BTCUSD

12 thg 11, 2017

BTC price breaking out of bottom of cloud on 4H plot. Testing 200 EMA support after forming downward channel/pennant.

Key values for 4H 200 EMA, 1D Kijun, and Fib retracements from recent ATH are listed in text box.

Though I expect the price to fall to around 5500, I also have bids down to mid 4000's in case price dips into the kumo on the 1D plot.
I also have a contingency bid above the channel to catch any significant unexpected uptrend above the channel.