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BTCUSD: Bitcoin Complete Breakdown? - I don't believe so!

Long
Bitcoin (BITSTAMP:BTCUSD)  
learn2trade  
BITSTAMP:BTCUSD   Bitcoin
Trend Analysis Chart Patterns Technical Indicators
0
9
trendanalysis chartpattern indicator
Looking at the chart, the ascending channel together with 50 Day MA provide strong support for the continued upward rise of BTC in my view.
If the channel breaks, the closest support to look at would be around 56K.

Happy trading!

NFA, DYODD
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