Soapysocks
Long

BTC The Final Push?

BITSTAMP:BTCUSD   Bitcoin / U.S. Dollar
Hi everyone,

BTC             still remains within the main bearish channel marked in blue. Fortunately we are seeing a small uptrend, marked in green, as we approach the upside of the main bearish channel . I think we will begin to see heavy resistance beginning at 11,800 due to the 1 fib level in grey. Past this point we approach the main downtrend channel , which will also provide heavy resistance. I expect a test within the red box and short pull back to the .76 fib level marked in blue. If this support fails, I expect a strong bounce off the .61 fib level just below marked in green, then another test at the main downtrend channel . If we break this downtrend channel I expect 13,000 to be the first target marked by a dashed green line.

This is my 4th TA, I am not recommending trading advice.

Hope to see a break through!
Trade closed manually: When making this post my main downtrend channel lines were moved before I zoomed into to further my TA. I am canceling this TA.
TA interesting
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Soapysocks NikolaiiLodenos
@NikolaiiLodenos, I realized after I published my channel lines are off, I thought they were locked but they are completely off, making the rest of the TA invalid... rookie mistake.
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