4 HR Supplement to 30 Min Channel #btc #bitcoin

Supplement to the 30 Min Channel posted previously.

All of the levels previously identified have come into play. Price has broken down out of the 779-849 Channel and proceed to the 660-700 accumulation zone now consolidating around the 706 Level.

I've found a possible bearish channel it's entered with a target on the longterm uptrend line around 549-565. There was a small volume climax on this last move so prices are stalled and consolidating

Price can retrace a little in the channel but while under either 779 or below the 706 level and still in the new bearish channel look for sell set ups in lower time frames.

Never mind the GOX or BTC-E Ruble news we were selling this before either story appeared. Price moves before you will find the story. Read the charts not the news. Price pays only nothing else. GL everyone