the1747trader

Retest during bull trend.

Long
the1747trader Updated   
BITSTAMP:BTCUSD   Bitcoin
Support area based on swing highs and lows after the descending wedge pattern. Moving averages are all positive currently and price reaction to those key areas indicates further increases in price.
Comment:
100/200 acted as support. First target was hit. I was expecting the trendline to hold but now that we have the cross I don't think it matters.
Comment:
Channel broken. Only had the minimum number of data points so not too surprising.
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