Empiece
King_of_Extremistan

Bitcoin broke out of the channel from hell

King_of_Extremistan Actualizado   
BYBIT:BTCUSD   None
Trend Analysis
3
1
trendanalysis
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.
Operación activa:
New channel found. Let's see how this plays out.
snapshot
Operación cerrada: precio stop alcanzado:
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.
Operación activa:
Another move out of the channel is about to be tested.
snapshot
Comentarios:
And we're off!
snapshot
Operación cerrada: precio stop alcanzado:
Stopped out of this one too at a small profit. Pattern was broken so all bets are off.
Operación activa:
Back in... got faked out of that.
Comentarios:
This trade is done. It was good while it lasted!
Comentarios:
Just to recap, this is how I identified the bottom. The move back up was more gradual than expected.
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