Bitcoin channels and trend

28 באוג׳ 2018

BTCUSD has built up bullish momentum going above the 100 MA, breaking RSI resistance and breaking into a new channel, if the old 6850 resistance becomes support and we break through 7200 we could go up to 7800 which would line up with the trends lower highs and the 200 ma resistance, but if we get rejected at 7200 we would most likely go back to the previous channel between 6100-6800, these are just some key levels to watch out :D