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mytorc
Aug 24, 2017 8:54 AM

BTCUSD - Still be in a temporary bearish channel? 

Bitcoin / U.S. dollarBitstamp

Description

Not sure that BTCUSD is out of the woods yet and ready for its next target of $4500+

RSI appears to be struggling - a lot of movement for relatively small price gains and consequently divergence already beginning to show against some previous highs (albeit still limited).

LONG if price breaks the upper bound of the orange downward channel AND is confirmed by re-entering its old upward green channel?

Otherwise SHORT - potentially back to the bottom of the orange channel around $3500?
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