1 day / key price level as channels converge

BITSTAMP:BTCUSD   Bitcoin / U.S. Dollar
Will be watching these channels closely. Likely to be a key price level. Steeper orange channel is still active but we are flirting with a return to the black channel. Blue is the current channel since $19,000 ATH . Few possibilities below.

Close above black top and we may see a push to blue top. Close above blue top and we may see a push to orange top. Close below orange bottom and we may see a test of blue bottom. Close below blue bottom and a retest of black bottom seems likely.
Nice chart.
+1 Reply
Simply put. Go Orange!
+1 Reply
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