UpsetPorpoise

Bitcoin trend and channel play

BITFINEX:BTCUSD   Bitcoin / U.S. Dollar
So far today has begun bullish for the bitcoin             markets. The king is attempting a breakout above the descending trend line that spans from 17k. The channel above presents an interesting play if you day trade. The horizontal resistance levels coincide greatly with potential channel resistance. Of course a break of the channel either down or above would invalidate this play.
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