mycotoxin

BTC climbing up a new channel

BITFINEX:BTCUSD   Bitcoin / U.S. Dollar
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BTC climbing up a new channel
Comment: Clicking above graph shows BTC will hit the edge of the channel at around the 86xx area. This is the spot to pay close attention to and see if BTC breaks through the channel or bounces to the opposite side of the channel wall .
Comment: BTC is still moving inside this channel
Comment: BTC has a few choices when it hits the channel wall on the right.
BTC can :
a) drop to 7600/7500 area
or
b) move up to the 9300 area slowly
or
c) Move up to 9300 with one big move
Trade closed manually
You closed the trade because you think BTC is going to return to a bearish period or will it continue bullish until end of may?
Reply
mycotoxin LucaMonterisi
@LucaMonterisi, i closed it bease i have to many graphs open . Currently using this one
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