Coinstreet

BTCUSD FIB HRLY channels

Long
COINBASE:BTCUSD   Bitcoin / U.S. Dollar
BTC is still trending up in the channel and is painting another flag.
A break of the top channel (1.618) should give us another good move up. Lets see where BTCUSD goes next.

We are still long and looking to add on either the breakup or a dip into previous (now broken) resistance which should now provide support. (horizontal 0.50 and 0.618 Fibonacci levels)

If you still need to go long then its best to wait for a dip first.

Reminder: As stated many times before, please be aware of the higher risk on all altcoin/ BTC pairs at the moment. When BTCUSD is very bullish , all the altcoins experience extra sell pressure. You can use this extrapolated volatility in your advantage just remember to always watch the king!
Trade closed: target reached: BITCOIN is such a Fibonacci Artist :)

Re-draw the horizontal fibonacci range to fit the last high.

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