arronschaar
Long

Bullish from Turncoat Support level

BITSTAMP:BTCUSD   Bitcoin / U.S. Dollar
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We bounced off the famous 760 level which has acted as strong resistance and now support. ( aka turncoat) Watch as the price approaches the Strong Bull Channel . If we touch it and go up, it's definitely bullish and our next stop is ~875. If that shows no resistance then we're probably headed to ~1040.

However, If the price breaks through the Strong Bull Channel , then we're going to test the 760 level a few more times before gathering enough steam for another push up.

My bet is on 875 -> 1040 ->1161.


Worst case, big sellers need some $$$ to pay taxes and sell off to $550.
what time frame is this
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~875 was nothing, but 910 held up. The bullish channel is barely holding up. We may be visiting 760 is the channel breaks.
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Perfect! we hit 875... Lets see what this resistance feels like.
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