BryanSr
Long

BTCUSD daily, looking ready to gear up again

BITSTAMP:BTCUSD   Bitcoin / U.S. Dollar
btcusd has been trading between a nice downward channel , false breaking once to retest the 11743.75 level before falling through my 50% FIB resistance zone , now heading back to 70.7% FIB support.

looking for a bounce off that zone, 7900-7054, and a break and retest of the upper trend line before a long position

if break of 70.7% FIB, then will consider short to lower trend line , if lower timeframe confirms with price action
Comment: did not retest FIB zone however broke descending trend line

Comment: i hour price action looking to retest trend line

did not retest fib zone however broke decending trend line

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