BigLava

$BTC Why risk a short in a bull market ?

BITSTAMP:BTCUSD   Bitcoin
61800 was previous All time high (previous resistance) now flipped support.

After we had seen price consolidation above this area we can see price has retested this area multiple times and has respected it.

BTC looks like it is following this ascending channel here.

If price does happen to breakout of channel, and break 61800 support. Putting buy limits near trend support (white line) would be ideal entry zone.

Penafian

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