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Topic: [2016-03-17]Bitcoin Price Watch; Channel Suggests Further Upside (Read 285 times)

legendary
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Bitcoin Price Watch; Channel Suggests Further Upside

Yesterday, in the second of our twice daily bitcoin price watch pieces, we zoomed out to a wider timeframe and took a look at the bigger picture – still intraday, just with a little more perspective. It revealed that the bitcoin price was trading within a relatively confined upward sloping channel, and that at the point of publication, we were somewhere mid range. This opened up the potential for a sustained move in either direction, and I turn, an entry according to our breakout strategy...

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