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cryptopious

Bearish TK Cross

Short
Bitcoin (BITFINEX:BTCUSD)  
cryptopious  
BITFINEX:BTCUSD   Bitcoin
Trend Analysis Chart Patterns Technical Indicators BTCUSD
1
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trendanalysis chartpattern indicator btcusd
Waiting to see if the Tenkan remains below the Kijun to sustain this bearish TK cross. Price has dipped below the Kijun (Bold red line) multiple times in past 2 days, and is currently below now which is indicating a trend reversal. May find brief support at bottom of the cloud at $7.8k, but i expect a further downtrend to the Kumo Cloud on the 1 day chart at ~$5500.

Any constructive criticism welcomed.
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