BITCOIN- Updated Chart (mid of channel support)

Wishes for a nice week to everyone.

Bitcoin has failed to rise or drop significantly during the weekend and it lies on the support level at the middle of the ascending channel right now.

Our outlook remains Bullish despite some technical indicators:

Bollinger bands (even Mr. Bollinger himself) is looking at a correction (Sorry John but your bands just follow the price.. I am not into your bands no matter how much I respect you as a fellow technician)
RSI divergences are all over the net (I propose you take a look at Nasdaq's divergences they are worse and have been worse for ages!)
Volume is low

Why do I remain bullish? Take a look at my material and posts, I have repeated myself quite a few times the last 10 days.

Key levels:

47900 support (mid of channel)- we are here now
47400 support (linear- strong one)
46600 support (linear- strong)
44450 (ascending, lower end of channel - Massive and as strong as it gets) - under this I promise you I will also run for the hills

50,000 (resistance- Boss level one)
51,850 (resistance- Top of ascending channel- strong one)
57,000 (let's go there first- this is the next major resistance)

Food for thought: the sentiment is ít will drop now a bit to rise a lot later'. Isn't that a bit funny?


Let's have a fantastic week now.

One Love,

the FXPROFESSOR