Bi-Weekly /r/ETHInsider Discussion - December 05, 2017

BTC, intraday outlook

Looks like BTC made a decent rally and broke through the kumo, but it could very well be in consolidation, so don’t expect this to last. With that said, the Chikou span has quite a bit of support levels: the leading upper BB, the upper BB, price, and the kumo (in case of a fast and heavy price correction). I’d say be prepared with bids accordingly. I think it still has some up left, but price broke below the Tenkan-sen. Generally, you see a price run to the Kijun-sen in such cases. Ironically my experimenting with a leading BB shows the Kijun-sen and leading upper BB at the same price. Gnarly.

https://www.tradingview.com/x/GUKKboJT/

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