Well if we look at the past performance from BTC it really wants us to believe in another drop from the 50/200 daily crossing, I'm skeptical but if we dip out of this channel then our next resistance is going to be the 50 and 200, after that we are in big poop.
Bitcoins chart shows perfectly the outcome of what we all really want to know, it has predicted our future when we are all trying to predict its.
Here is my last price evaluation for bitcoin, it's one I think everyone should sit back and think carefully on. The chart explains everything for you, invest from the story it has told not the one you want it to write.
Looking at our hourly chart BTC has a habit of coming back to the hourly 200ma before taking off to see higher highs. As long as we stay above our support level we should see upward movement.
Simple idea, simple trades, stay off the 1 min. chart and go do some yoga or something
I'm seeing a close above 8529.50 on daily or above upper green line as an all in long, anything less and short back to the bottom channel with a SL along the upper green channel line.
Jeebus help me, but it's possible this is the largest resistance we have never crossed