BTCUSD Analysis 2018-05-11

11 May 2018

BTCUSD 4HR| Price in cloud, bearish TKx, 50 EMA hard curve down. Part of my bear call from yesterday has played out. Seeing a few different options here. Personally I think we will see it take the orange path, giving us a bit of a continuation of the bear run into a congestion, into a breakout bullish.