BTCUSD Perpetual Contract
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Bitcoin broke out of the channel from hell

235
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.
Dagangan aktif
New channel found. Let's see how this plays out.
syot kilat
Dagangan ditutup: hentian tercapai
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.
Dagangan aktif
Another move out of the channel is about to be tested.
syot kilat
Nota
And we're off!
syot kilat
Dagangan ditutup: hentian tercapai
Stopped out of this one too at a small profit. Pattern was broken so all bets are off.
Dagangan aktif
Back in... got faked out of that.
Nota
This trade is done. It was good while it lasted!
Nota
Just to recap, this is how I identified the bottom. The move back up was more gradual than expected.

Penafian

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