Bitcoin is now out of the channel that brought it from 7200 to 3600 in less than 48 hours. Hopefully it will not go back into that channel, because that would mean sub 3K.
עסקה פעילה:
New channel found. Let's see how this plays out.
עסקה סגורה: הגיע לסטופ:
Stopped out of this one. We're not seeing a rebound yet, it can go sideways for a while through the capitulation phase before we see a true bottom.
עסקה פעילה:
Another move out of the channel is about to be tested.
הערה:
And we're off!
עסקה סגורה: הגיע לסטופ:
Stopped out of this one too at a small profit. Pattern was broken so all bets are off.
עסקה פעילה:
Back in... got faked out of that.
הערה:
This trade is done. It was good while it lasted!
הערה:
Just to recap, this is how I identified the bottom. The move back up was more gradual than expected.