Bitcoin Dollar BTCUSD Steadily grinding higher within the parallels Lost the track of this yesterday, getting precise angle of the parallels out by a critical couple of degrees. It meant the break of the parallel yesterday was out and so far no bears have dared to challenge this ascent. Very bad and it means that wins here on the day were severely eroded by bad calls off a badly drawn parallel that was still shaping itself into perfection during the day. The idea was to buy off the parallel and only turn negative again once the parallel was broken. Right idea/ wrong parallel. Well now the parallel looks very trustworthy. There are 4 parallels now, with margins of error denoted by the two outside parallels. Bitcoin is still a buy off any retest of the lower parallels. It becomes a major short again only when the lowest parallel is broken to the downside. It should then become resistance on retests, showing that the trend is now turning negative in the near term and finally opening the door to bear territory in the nearer term. First support lies at 9715 - a brek below here triggering a good shorting opportunity back to 9365 at least and quite likely to 9036 before the rally recommences.