12/20/2014 Short term Daily Outlook

OKCOIN:BTCUSD   Bitcoin / U.S. Dollar
27 0
Been bouncing off the support / resistance lines in the micro bull trend channel that I've been using. We are in a downwards channel right now, but if it breaks through, then I would say we have resumed to test 335-340. Watching fib lines closely. I thought 324-328 would be the first hard resistance, and so far that is playing out. Low volume right now, so will have to see what happens here. Waiting for more confirmation, but the 2h and 6h candles are red. Watching channels...
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