Price Channel! Confirmed the middle line so is valid!
Buy and sell lines refined! Once again: buying at the Middle Channel line, and again at the bottom of the channel, selling the middle channel for a 1.98% scalp, and the 75% bottom channel buy at the Middle Channel, moving SL to break even, and then selling the rest (25%) at the top of the channel.
I'm expecting to see a fall if the RSI doesn't rise above the current level, as if it doesn't it is likely to see the same pattern as has happened twice before, and to see the alts fall down along with Bitcoin. If the RSI does rise above then... Uncharted territory!
I'm going in with only 5% of my portifolio to start building my long term holds. Seems like a good entry point
This one is simple, I'm buying REEF with USDT when REEF/BTC touches the green line! Selling when it hits the top of the trend.
Buying at the bottom of the channel, selling 75% at the Middle Channel, moving SL to break even, and then selling the rest (25%) at the top of the channel.
Buying at the Middle Channel line, and again at the bottom of the channel, selling the middle channel for a 1.98% scalp, and the 75% bottom channel buy at the Middle Channel, moving SL to break even, and then selling the rest (25%) at the top of the channel.
I will no longer use 4H with my trendlines as they morph them and do not give an accurate visualisation. Here is a 15m version of the chart, showing how the trendline is still valid.
I believe that if we don't see a breakthrough of the upper trend (in red, the line marked "sell"), then we are in for a dip down to at least the dashed cyan line which is the BTC ATH trend. Otherwise we are in for a huge rise!
Just a possibility, there seems to be a bear flag forming, which would lead right into the double trend intersection at the bottom of the main trend.
The trend lines are labeled
Check the green and and the green text
The Red line, next to the red down arrow