OKCOIN:BTCUSD1W Bitcoin / Dollar Forward 1 Week
Over the next couple days, we will see a lot of action, primarily from the news of the upcoming US Marshall's Auction, as well as people who bought in the lower regions trying to cash out in profit in fear of a drop coming. Now for the TA... the longer trendline will attract the price for a trap, dropping the price out of the purple region of the fan. The Tenkan-Kijun Cross from the is also signaling a *strong turn, and the cloud will provide excellent resistance (*Strong because the cross is occurring under the cloud). Ideal position in this case is a Short from $246-$250 to $211-$217.