Technician

Playing BTC With Moving Averages

BITSTAMP:BTCUSD   Bitcoin / Dollar
507 1 8
Two possible scenarios, I would buy dips toward the moving averages and the channel support, looking for a move to 977.00,1072.00 and 1161.00 high.

On a break below the channel and a new moving average bearish crossover i would reverse to the short side to 685.00 and 548.00 support levels.
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First reaction was a bounce at support

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