Chart of The Week $BTCUSD 12-18-2016

On the Bitcoin weekly chart we can see that the instrument is heading to a test of 800. If this level is broken then we could see extension to a Pitchfork channel high at 891.60 which is also 78.6% Fibonnacci retracement level 2013/14 swing high/low. Support is 730-750.

Happy trading! (click on the chart to enlarge it)

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