LeMogwai

550$, next support from the clouds

Short
BITSTAMP:BTCUSD   Bitcoin
10
4h (violet one, not show on the idea) and 8h (blue) clouds are turning bearish the next expected support for a bounce is from the 12h cloud bottom line (red) and the 20h cloud (yellow).
You can see this idea with other indicators here :
A bounce to 595 right now is very probable, but i would not advise to play this move.

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.