JoshNJ82
Long

XBT/USD has finally broke out of the descending channel.

KRAKEN:XBTUSD   XBT / USD
XBT/USD (4 HR             ) has broke out of it's descending channel and indicators are siding with the bulls. The trendline (top of channel) should provide strong support. XBT should hit the 10k psych level where profit taking is expected but the bulls should prevail and most likely test the $10,500 level (target for profit taking). A stop loss placed at the MA provides a decent risk/reward ratio. Good luck and happy trading
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