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imkeshav

BTC needs to stay in the channel of hope

Long
Bitcoin (BITFINEX:BTCUSD)  
imkeshav Updated   
BITFINEX:BTCUSD   Bitcoin
Trend Analysis Wave Analysis BTCUSD Bitcoin (Cryptocurrency)
3
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trendanalysis waveanalysis btcusd bitcoin
BTC took support from the channel bottom yesterday, but found resistance at the 50 Day EMA (orange). We need to take it out for more upside while still remaining within the boundaries



On 4H timeframe
$BTC possible move
Comment:
Nice break out, next target will be 6900-7000 as the top of the channel. Going above that will be super bullish

snapshot
Comment:
The price took support from the lower channel bottom and bounced
snapshot
Comment:
The 50 EMA gave the lifeline support and the price is back in the channel

snapshot
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