No Channels, Trust Ichi

BTCE:BTCUSD   Bitcoin / Dollar
63 0 1
Update: We carried on through the back of the cloud so now we're in bear territory. Updated chart to come.

I haven't found a reliable channel yet observing the past week. I can't get any timespan to touch enough price points so I don't think there's any trend.

For the mid term, Ichi is showing bullish although that could change over the next few hours, watch for price to descend into the cloud and bounce off the cloud's back. If the decline continues through the back it could spell bear market for the next week or so.

Always use RSI for sanity checking over-sold or over bought.
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