Halams

BTC/USD - what now?

Short
BITSTAMP:BTCUSD   Bitcoin / U.S. Dollar
This setup looks similar to what BCH did before its 40%+ pump at the beginning of April. I expect a pullback to one of the lower green boxes before continued upside.

Blue triangle indicates the current range.
The large dotted green arrow indicates the overall trend.
Green box is buy.
Red box is sell.
Blue line indicates major support/resistance .
Green line indicates t/p.
This chart is made with fib channels.
This is a log chart.

This is not financial advice. All charts shown on my page, including this one, are just for fun.

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Comment: White and black dotted lines are fib retracements.
Comment: White lines are the fib channels. If you would like the zoomed out version let me know.
Comment: As btc has crossed upwards through the white fib channel on April 2nd, bitcoin is overall bullish. I would t/p and wait for the next green box to re-enter.

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