BTC Rising Channel Continues to Hold

BITFINEX:BTCUSD   Bitcoin / U.S. Dollar
Who says trading BTC is hard? jk

But the rising channel in BTC I mentioned yesterday continues to hold and we had a nice bounce off the bottom a few hours ago at ~$8900. I anticipate a grind higher today and look to sell in the $10000-10100 area. I might hold off selling until the top is confirmed since $10000 is likely a psychological barrier and if breached, we could see a larger run up. However, there is a huge long-term trendline that is coming down from the ATH's and any significant rally in BTC above $10000 should peter-out somewhere around $10500 for now. Be nimble and happy trading!
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