BITSTAMP:BTCUSD   Bitcoin / Dolar
Depending where the friday daily candle closes will signify to me if next week will be bearish or bull.

Things to keep in mind:
- Price has hit a strong resistance level
- 4hr chart upward channel
- Hit 1.27 fib ext

If friday closes below this red line the price has formed a lower high signalling a bearish trend . This line is placed on the fib 0.38 retracement level and also lands on a minor resistance level .Therefore closing beneath it will show price has power to move down for the coming week.

If friday closes above this green line the price has formed a higher high signalling a Bullish trend . Also Broken out of the upward channel.

Tell me what you guys think? , have I missed something?
what are the prices of the targets?
dalipips kimmy_kay
@kimmy_kay, I can't really say right now because I need to see how the market plays out before I know my levels Im going to trade but Im hoping:

sell order TP at 12600 with SL at 16500
buy order dont know yet have to see the strength of the breakout
+1 Balas
kimmy_kay dalipips
@dalipips, sorry; my comment was really vague lol; I meant the green and red lines' prices.
dalipips kimmy_kay
@kimmy_kay, hahaha it's all good. Green line is 16465 and Red line 15415.
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