Short Term Bear, Long Term Bull

BITSTAMP:BTCUSD   Bitcoin / U.S. Dollar
468 0 9
Price has clearly broken into the gently rising long term baseline channel (blue)and appears to be searching for the bottom of the channel. If price is contained by the current gently down sloping channel (red) we should find the bottom some where around the end of the year or early next year, We have a confluence of support in the $200-$260 range and this is an area the bulls need to defend to re-establish their long term dominance and search for new highs.
I placed a fib structure on RSI (borrowed from Constance Brown, Technical Analysis for the Trading Professional) and we continue to have a bearish bias.
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
SV Svenska
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
AR العربية
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out