[BTC] 15.1.18 Short Term Price Analysis

HI all, crypto sludge here.

BTC had a decent day today, breaking above the itchi cloud on the 1H chart, and almost finished a full TD up 9 count.

However it failed to break the resistance @ 14350 (bottom of the cloud on the 4h) then we had a death cross of 50 and 100 MA and price reversed.

I am currently looking at a possible retrace and a test of the 100MA and the top of the cloud. if we can bounce of there, i expect another test of the 14350 resistance.

Good luck

Crypto Sludge