As of now, it should be pretty clear that we are on a rising channel. Given the fact that this is just the beginning of the long term bull market, there's simply no way we can clearly define which channel the market is following. In the graph, it is defined by the blue, red and pink lines. (With the pink lines as the least confident ones, best suited for short term bets)
The current risk to reward ratio are at 0.5 : 1 or 1.1:1 depending on where the market moves. With the bottom defined as $540, and the top of $780~820.
In my opinion, the FBI shouldn't matter much at all. By 27th June, the market would already have digested that piece of information given the collapse from $680 ~ $587.2 to date.
It'll recover in a few hours, but always keep out for volume spikes.
LastBattle
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the "classic" weak hands shaker which I'll not bite. Moved my stop-loss wall a bit further down..
PonziUnit70
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Nice, 3 levels of slope. Pink most aggressive (where trading short might come from). Blue, use as support for moves breaking under pink. Red, I wonder if that lowest red line traces back to the 1 penny low as seen on this chart? tradingview.com/v/WaP8Tp3v/
LastBattle
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Yes :) The red trend line will trace back to the normal rate of growth before the $1000 pump..
Price moved $10~15 downwards today, but I'm still bullish overall.. this is hardly a dump with limited volume.
Bitstamp via BitcoinWisdom: imageshack.com/a/img823/6076/tvlu.jpg
It'll recover in a few hours, but always keep out for volume spikes.