Bitcoin prediction becomes reality

Yesterday's prediction is quickly becoming fact. Bitcoin is now below $2600 and has left the Ichimoku cloud on the 1hr chart.

Hold those shorts, though. Chikou span (yellow line) has to break out of that cloud first, which should happen around $2550. After that, we should see a steep decline to the upper $2400s. We can see a TK crossover a bit over the cloud during bear territory on the 1hr chart, so that's a weak signal.

There's still a fight going on as of writing this post at $2612 on the Bitstamp chart. That's bulls refusing to break the Senkou Span B (red line), which would be the last Ichimoku support line on the 1hr chart. We still aren't anywhere near penetrating the cloud on the 4hr chart. We're testing the Senkou Span A support (green line), so if it holds, $2600 might be a decent shortish-term buy entry.