Boonado16

BTC Bouncing within the channel

Boonado16 Updated   
BITFINEX:BTCUSD   Bitcoin
On a macro level... $BTC is trending within the upwards channel. I have drawn a likely scenario where it should bounce within the red box at each fibo level. Until a breakout... which is not in sight yet. The lowest is at $8105 to highest at $11,861, currently its sitting on support near $8823 levels...
Comment:
We hit the support at around $8100 to still continue staying in the channel. With low volumes, i would like to think a small bounce upwards to next few fibo levels at $9350 is a probably outcome.

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.