BTC ranging in a rising channel

BITFINEX:BTCUSD   Bitcoin / U.S. Dollar
If you are confused with BTC over the past few days, I don't think you are alone. But I am seeing a touch more clarity now. In the short term at least, I see BTC ranging in a ~$1000 range within an upward sloping channel. Risk/reward suggests playing this range until it clearly breaks either side.. Get a drink, we could be here awhile.
I agree, but in the long term (12H or 1D), it seems to be a bearish flag. We are not entered into the previous "M" Formation.
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