4-Hour Timeframe
$250 level tested on four different occasions and has never closed above.
38.2 fib level, $235, has strong support if there is a dump as we don't spend much time below this level.
Ichimoku Cloud has been showing support as well, but can it hold?
Still feels like indecision as there is too much selling pressure $250 and returning back to range trading.
Ignore the big red candlestick that dropped to $215 as this only occurred on Bitstamp, so I voided the information when I created my Fib levels.
$250 level tested on four different occasions and has never closed above.
38.2 fib level, $235, has strong support if there is a dump as we don't spend much time below this level.
Ichimoku Cloud has been showing support as well, but can it hold?
Still feels like indecision as there is too much selling pressure $250 and returning back to range trading.
Ignore the big red candlestick that dropped to $215 as this only occurred on Bitstamp, so I voided the information when I created my Fib levels.