PaulAnthony
Long

short-term uptrend towards long-term resistance

BITFINEX:BTCUSD   Bitcoin / Dollar
27 0 0
for the short-term, it seems we have a nice little uptrend going inside the trend channel, represented by the dotted blue lines. we've broken through mid-term resistance, represented by the dotted green line, and now we're on our way up to challenging long-term resistance, represented by the heavy green line. if we're able to break through it, i would consider that a good sign of a positive trend reversal. from there, i could see us going sideways or slowly building up for the next rally, which some have speculated will happen around mid to late july.
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