norok
Short

BTCUSD 4/20/2015 Weekly Forecast

BITFINEX:BTCUSD   Bitcoin / U.S. Dollar
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This week I have chose the 120 minute (2h) Swing Trading timeframe to illustrate the weekly forecast because it best captures the current consolidation. All Rules for an Ichimoku trend remain true for a bearish trend on the Daily so the highest probability trades will remain shorts.

I am expecting the Swing timeframe consolidation to continue through the early part of the week with a movement out of it 4/22 - 4/23. Price may either retrace to the Support-turned-Resistance 240 level which has a very high probability of holding or will break the low of the consolidation to continue bearish .
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