Robinerd
Long

Long-term channel trend on Daily

BITSTAMP:BTCUSD   Bitcoin / Dollar
258 0 2
If the current upward trend continues we may break-out from the channel. If so I'm guessing we'll have a strong correction from around the previous top at 680, down to somewhere in the middle of the channel I've drawn, which also happens to be a previously strong support/resistance level.

After that we might climb up again if the positive sentiment stays. If not, breaking channel lines downwards would be a sell signal.

Breaking out from the triangle at the end of my prediction could potentially be the start of another great upswing, but we'll see about that.
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