Taking a look at BTCvsUSD on the Bitstamp market.
On the short term we can see that Bitcoin is busy with a nice little bullrun, I am placing some buy orders (long) between 16100 and 15800 for a day trading setup.
On the longer term setup support is between 12k – 14k and should 15600 fail there is a good chance that we will join the lower part of the channel again as the market corrects.
Should the bulls continue to push I expect we will test the top of the channel at around 18800.
Please feel free to discuss this trade idea with us in Slack. Safe trades!