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EmpowerTrader

BTCUSD Trading in a Narrow Channel | Potential Bullish Reversal

Long
Bitcoin (BITFINEX:BTCUSD)  
EmpowerTrader  
BITFINEX:BTCUSD   Bitcoin
Trend Analysis Harmonic Patterns Chart Patterns BTCUSD BTCEUR Bitcoin (Cryptocurrency) bitcoinforecast BTCJPY
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trendanalysis harmonicpatterns chartpattern btcusd btceur bitcoin bitcoinforecast btcjpy
Introduction to Trade Step-up:
Bitcoin essentially saw its value to almost half in just a month. Now price has been trading in a short-term bullish channel ever since.

Trade Step-ups:

Bullish Reversal: Price rejects a breakout from final support of the bullish channel. Profit levels to look for are 4400.00 & 4600.00 respectively.

Bearish Breakout: Price breaks final support of the trend, look for consolidation below 3900.
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