Neolystic

Neolystic

The channel from the previous post (bold white lines) still looks pretty good, although the top line was a little low. Now that we are near the bottom side of the channel, this is a relatively low-risk entry for a long. The ideal entry point would be below the bottom trendline, but anywhere from 1760-1775 should work out fine. Target is the top trendline, while...

Neolystic

I think BTC will walk up this channel over the next few days. Let's see what happens.

Neolystic

200MA running parallel, and essentially equal with trendline back to 6-7-2015, for the last 4 days represents unusually strong support. Watch for a long entry in the 1675 area.