pnaik732

test of Monthly resistance trendline

BITSTAMP:BTCUSD   Bitcoin
BTCUSD just tested the Monthly resistance trendline and pulled back

A monthly close above the line and potentially off to the races

In the meantime there is still a chance BTCUSD remains in this channel

One strategy could be to lighten up BTCUSD positions here on up... if BTCUSD manages to close December above the trend line, great, but otherwise might have a good chance to buy back below the trend line around the new year

Or could just wait and see

Not financial advice
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