charterman

BTC not done just yet. currently riding up on fibs

BITFINEX:BTCUSD   Bitcoin / U.S. Dollar
There has been a lot of argument around whether BTC is currently on a larger downtrend and in a B wave, or beginning a new cycle in wave 1.

Either way BTC has been riding the .75 fan fib support line for some time in an ascending triangle .

This looks to continue for some time yet, but keep an eye out for fib support breaks and the beginning of retrace of corrective wave.
Comment: Support has dropped to next fib.

see updated chart.

ascending channel may remain if the current bounce continues

Watch for new support line break and bounce from previous resistance line

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