rony.kris

In the middle of the channel. Hodl for now.

BITSTAMP:BTCUSD   Bitcoin / U.S. Dollar
It appears as if BTC is getting traded in an ascending parallel channel and currently it's around the middle of the channel.
The price of the pair is hovering around Fib level 1 and the volumes are gradually decreasing.
MACD is +ve and the divergence is too high.
RSI is hovering around 83. Way to high in my opinion.
With all the above observations I'd expect to see a correction some time soon. If a correction is seen then it may find support at the thin blue line right below Fib level 0.786 before beginning another uptrend.

Therefore, I'd recommend to HODL for now.
Can I buy another one in this situation?
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