BITFINEX:BTCUSD   Bitcoin / U.S. Dollar
BTC finally hit upper channel as thought it would back in early February. I underestimated the sellers remaining at the 11500 level and so it pushed timeline out a bit and so channel test was at a slightly lower price than estimated. The congestion zone on my chart is going to prove to be significant resistance and I would wait for a break above it to take position as I believe it will run to the 13000-14000 range if it does beak above it but it may take awhile. . Until then its a trading asset and nothing more to me.

Nice pin bar reversals after 3 large bearish candles is nice trade on smaller time frames but I expect lower daily prices from here. 8500-7500 range Id guess.



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