Bitcoin is currently in an upward channel with volume increasing. A upward break of this channel may push it past a potential resistance zone at $17550. RSI looks bullish and 4 hour Ichimoku indicates a buy. I opened a small long at $16700 and will be looking to add to it. Stop loss would be either the Tenkan or outside the bottom of the channel.
Comment:
4 hour candle closed with bearish divergence on the RSI. Watching closely