arronschaar

Bullish from Turncoat Support level

Long
BITSTAMP:BTCUSD   Bitcoin / U.S. Dollar
2
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.

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