jawpilot23

30 min / channel forming & possible moves in short term

BITSTAMP:BTCUSD   Bitcoin / U.S. Dollar
Simple idea using fibs, resistance line and a parallel channel . Seems we will likely either break down to complete the H&S on larger time scales (to ~8k perhaps) or up through the resistance line to form an ascending triangle , A&E, or some similar pattern. If the latter, circles suggest some points likely to see resistance based on Nov retrace to Dec high fib. RSI also trending upwards. Any thoughts/criticism welcome, new to this space. Thanks.
Comment: Bounced off the 0.382 fib. Next target 0.5 fib.
Comment: Folowing the channel. 17k next likely.
Comment: Broke out of the channel down after several tests of upper limit. Bearish at least short term.
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