OBG

Bitcoin - decision time

Long
BITSTAMP:BTCUSD   Bitcoin
after an impressive weekly rally, price looks in reach of the infamous $10000 - PA important at these levels as price consolidates < $80000.

a breach of recent highs could open the door to a strong impulse higher

break below channel support could kick off deeper retracement - would look to buy @ $5500 if this transpired

see chart for detailed notes

mildly bullish - long entry would see a tight stop implemented and revaluation if price reached $9000

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