IvanLabrie
Long

BTCUSD Futures: Jumping the gun

OKCOIN:BTCUSD1W   Bitcoin / Dollar Forward 1 Week
164 2 14
I think we will see a nice rebound off this level here.
As long as above 247.45 this week, we can expect a nice rally to reach the recent high at the very least.
This is an expansion to my decision week chart.
The targets are time a time at mode upper target, and the recent high, and should be reached by April 13th or earlier.
Good luck!
snapshot


Support moving higher, this is fairly bullish.
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The 'real' btc chart is showing some bullishness, potential targets and time target below:

snapshot


Problem with the futures is the low liquidity until every Friday's close.
No trade taken here, on the long side, yet.

I'd like to see a daily range expansion bar, to confirm the bullishness, and price remaining above 243 at Stamp. If no range expansion, we might see a failure to the downside.
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