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B-17

Channel Cross or bottom retest, January is pivotal !

Bitcoin (BITSTAMP:BTCUSD)  
B-17 Updated   
BITSTAMP:BTCUSD   Bitcoin
Trend Analysis Technical Indicators
3
0
trendanalysis indicator
On Balance Volume looking healthy, but price action needs to confirm completion of accumulation with a break above the middle of the Donchian channel. Keep this time frame in mind! 1W candles are better for long term investors looking for entries than day trades.
Comment:
at the middle channel cross today! holding this level and a retest in the coming weeks would suggest a few touches of the top of the channel, currently ~11K. failing to cross the midline likely means another touch of the bottom channel, around ~6.5K. GL
Comment:
firmly crossing the middle of the channel, looking for a touch around ~$10,750 and a push up to $12K-$14K range.
Comment:
The trade has worked great, I am considering adding here on the dip below $10K, and will definitely setup an order to buy at ~$10,000 - $10,100 if BTC rebounds. To me this looks like a buyable dip.

Long $BTC.
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