bodeen88

Bitcoin testing new support

Long
COINBASE:BTCUSD   Bitcoin
We will see if the price stays above the trend line. If it does, look out for another move upwards and a new upward channel forming. Broke out of the last channel. Now one of two things will happen. The top of the channel will now act as support for a future rally. Or the price will fall back into the channel and retest the bottom of the channel. If the price falls through the bottom of the channel, the rally will be over. If not, the rally continues.

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