I am watching the 6 hour Kijun-sen (Base Line) & Tenkan-sen (Conversion Line) for a possible slow down and reversal at which point I will close my long if the buy weakens around there.
The Daily looks great...
But our weekly still shows a few more weeks of activity if we trust the TD sequential for exhaustion, we don't typically complete a full TD count on the weekly so it is something I will be watching closely.
We see a short term struggle with bullishness; We ride 1-4 days of mild bullishness then continue the current trend downward back to our last bounce at $6,000 BITSTAMP:BTCUSD
I won't believe we are until I see multiple confirmations on multiple time frames which I will cover in a later post at a later time. Until then I will be riding these channel trades expecting a continuance.