charterman

BTCUSD - Long & Short Term

BITSTAMP:BTCUSD   Bitcoin
BTC currently travelling in a upward channel on the short term. I think this has peaked for now, so will be looking for support at approx $10,800, on the way down to bottom of channel.

Think of the longer time frame, that BTC needs to hit support at around $10,300ish (depending on how long it takes) before pushing back up towards the upper limits again.

For what its worth, I think that this bottom line will play support for the remainder of the bull market. EMA's seem to support this.

No crazy divergences spotted.

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