TriplePips
Long

Bitcoin Support holding strong...but for how long ?

BITSTAMP:BTCUSD   Bitcoin / U.S. Dollar
BTC /USD price has seen some Bears recently. However price is inside of Ascending Channel trying to break through the Support line of this channel. This could be a nice trading opportunity if price either bounces of the support or we could see nice breakout that would put value of Bitcoin even lower.
We think Support is going to hold as we can see those big shadows of candles that are bouncing of the Support, however we are going to wait for more clearer signs to open Long positions.

Let us know what you think about this idea, where will the price go ?
And remember to like this idea and follow us for more trading ideas :)
Good luck.
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