BTC 1H: Long Entry for Next High?

BTC 1H: Long Entry for Next High?

(BTCUSD+BTCUSD+BTCUSD+BTCUSD+BTCUSD+BTCUSD+XBTUSD)/7 (BITSTAMP:BTCUSD+COINBASE:BTCUSD+BITFINEX:BTCUSD+BITTREX:BTCUSD+GEMINI:BTCUSD+CEXIO:BTCUSD+KRAKEN:XBTUSD)/7


The last two lows have started a new uptrend, as they have occurred on high levels of volume . With the last low being higher, I believe we are in the channel pictured above.

I see us hitting some light resistance at 13k again, before pushing up to 13.8k, the line of major resistance hit 2 weeks ago before the big drop . We may even go to 14k before dipping as that would still fit within this channel. Nothing too complicated, just wanted to point out this may be a good time to get in as we are seeing a lot of support here in the lower channel to push it higher for now.