MMBTtrader

BTCUSD Supports and Resistances based on Ascending channel

Long
BITSTAMP:BTCUSD   Bitcoin
As we can see in the lower timeframes we have a new Ascending channel.
Black zone on the chart is really important now and if this local support here remains valid price can easily pump to the channel upperside and 40K$ in the next move.

but if this local support breaks we can expect more fall to major support that is green support zone and then the continuation of the bullish movements from there and local pump once again.

strong supports and resistances are also mentioned on the chart too.

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