No panic yet
OK price still above the Ichimoku cloud, and the green and blue lines have not given a sell signal "YET". am cautious on the pitch fork lines, the Upper Quartile has been recaptured, and if it breaks down and becomes resistance we are headed south to test the Median Line where we had a nice bounce after the panic news that Chinese largest retailer stopped accepting BTC. I am bullish but a visit to $290 is not out the question and some probability of happening if the Median Line were to fail and become resistance.
In short BTC was not able to reach the top of the Pitchfork so longs should take some profit if the Upper Quartile fails to hold and definitely take some off the table if the Ichimoku lines cross over. $1250 is a double top.
In short BTC was not able to reach the top of the Pitchfork so longs should take some profit if the Upper Quartile fails to hold and definitely take some off the table if the Ichimoku lines cross over. $1250 is a double top.
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