Upward Channel
Updated
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.
Note
4 hour candle closed with bearish divergence on the RSI. Watching closely
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