Tarka

Bitcoin Dollar Super-Channel - A break could mean a steep climb.

BTCE:BTCUSD   Bitcoin / U.S. Dollar
67 0 1
I thought I saw a channel pattern emerging back in the first week of February, began tracking it and drew the lines in a bit later. Then I neglected it for a couple of weeks. Coming back now I find that both my parallels are still absolutely crack-on with no breaks over or under.

I'm still not 100% about the lower line, it may be a few pips out but the upper - and more important - line looks solid. Keep an out out for the break. If (when) it happens we can expect a good solid upward climb. The longer the channel, the greater the rise.

Someone with greater knowledge than me might see the signs before that happens but personally I'll just keep checking back here and waiting.
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