Attrition

8.6K Support - Literally the only thing keeping us afloat.

Short
BITSTAMP:BTCUSD   Bitcoin / U.S. Dollar
Price closed below the MavilimW indicator signalling a sell, tenkan-sen which supported us all throughout the rally became resistance and recently on the last 4hr candle came back down (also crossed below kijun-sen which is bearish ) to become support again combined with the top of the big ichi cloud. this is basically the last fortress before a freefall to 8250 to 8350 could happen or we could bounce back and the support holds i'm biased towards the drop but i think we might get a fakeout stop hunting first.

Short if at least a 4hr candle closes below 8600
SL : Kijun-sen (red line) or the MavilimW indicator (green line)

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