koryu

Increased momentum within channel

BITSTAMP:BTCUSD   Bitcoin / U.S. Dollar
806 4 13
possible targets before halving, giant triangle or staying in channel. lines within channel showing increased momentum
Comment: 666$ Halving ETA: 4days
bitstamp left the channel sideways, china adjusted the channel which is still intact
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After Mike Hearn's ragequit price has fallen to the lower line of the channel and also to the lower line of the upper triangle.
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btc has hit its target, the line from ath and last top, next days are very important for the medium term trend.
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Added the retracement levels from ATH to Juli 2013 low, because they should be important for the big picture, too. They just fit too good. But there is a difference with chinese exchanges, on huobi the retracements fit perfectly with the rally tops when drawn from ATH to silroad event.
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