TradingView
Voocash
Jan 9, 2018 5:55 PM

BTC/USD uptrend channel. Fighting with supports 

Bitcoin / U.S. dollarBitstamp

Description

Main support at 61.8 and 50 fibo. Nice up-trend channel appeared. It bounced back nicely from the support today. Market is moderately oversold. WE will see how it develops. Stay tunned.

Trade active

We have broken the big channel and small downtrend channel appeared.

Trade active

Broke out of the channel but quickly came back. However still rolling on the edge.
We will see how it develops.

Comment

Previous channel appeared to be too small. This one is bigger and starts from point (A) which seems much more reasonable. BTC is still struggling

Trade active

More