BTC Update. Support has dropped, but ascension may remain.

BITFINEX:BTCUSD   Bitcoin / U.S. Dollar
Ascending channel meets strong resistance point.

Has bounced of fib and will hopefully continue until meeting resistance point again (Technicals currently indicate buy)

Watch for break of support line and update stops often

Note: BTC had an identical scenario earlier in the ascending channel when it met strong resistance point and continued to soar. Anything is possible
Comment: BTC has breached support again.

Possible head and shoulders.

Although, stochastic currently indicates oversold.

Keep a close eye
Comment: remember 50.0% ($9000) most common retrace for wave 2
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