Boonado16

BTC Bouncing within the channel

BITFINEX:BTCUSD   Bitcoin / Dolar
On a macro level... $BTC is trending within the upwards channel. I have drawn a likely scenario where it should bounce within the red box at each fibo level. Until a breakout... which is not in sight yet. The lowest is at $8105 to highest at $11,861, currently its sitting on support near $8823 levels...
Komen: We hit the support at around $8100 to still continue staying in the channel. With low volumes, i would like to think a small bounce upwards to next few fibo levels at $9350 is a probably outcome.
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