npatton189

BTC looking to break out for higher prices soon

BITMEX:XBT   Bitcoin / US Dollar Index
charting BTC seems to have a nice descending triangle forming, with a Lower support off of a previous resistance. using the fibs for a shorter term and longer term so please mind the lines. also we are currently being rejected by the 200 day MA. I think if we can see some nice volume coming in, we can break out of this to the upside. also for what I have charted, we are testing a trend channel we have been in since the beginning of the year, that we have just previously broke out of bearishly. we can possibly see some target of 4300-4800 (.382-.618) if we can break the .236.

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