Testing bottom of channel

Heres a snapshot of how todays chart is looking against my up trending channel. As you can see we got a bounce off the bottom of the channel. Textbook stuff, finding support exactly where you’d have expected. This tells me the channel is still working. I have no reason to expect the price to break out the bottom of the channel any time soon, although of course that doesn’t mean it can’t. One big ‘whale’ deciding to dump bitcoins could easily do that. Fun times. Personally I’m staying long at the moment.

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