12 days of straight doom, no relief. Maybe this little triangle can do something. Opened longs here with mega tight stops.
My janky line chart has BTC back in a good channel with 59K in play, and most of twitter is bullish on > 58.5K for whatever reason.
I've been able to play this channel for excellent places for increasing and reducing risk on my long position. I've been able to set stops as well to leave long positions open while reducing risk. This lower yellow line goes back to Dec 10 2020. Amazing to see it play out here.
Emotionally I am beat, so maybe this is a doom chart.
This yellow line goes all the way back to Dec 11 2020 and was broken recently only by that big "double crash". Were back above at least for now and it looks like it is being respected and weekly's are closed, and we are in a new month. "Bullish"-ish...
It looks like from my lines here which have been very helpful since 12/25/2020 that "$3000" is not important but there is an upper range barrier here around $3080+ Hard to sit on the sidelines while it runs, but I'm not going to keep my risk open
Been waiting for parabola to break and fall to this orange line first, then the blue. What a champ...
The orange line here is just something I picked out around Jan 4 that caught my eye, and I've been using it since to set my stops and buy in. Can a better chartist explain what I have here?
Looking at this to long again (already longed at 609) and if it gets to 621 it goes to 637? There's a really interesting looking W formation candidate on BTC also
I entered a long on this, probably too early, but ready to cancel it quickly and short it back to the bottom of this channel
It has served me really well so far. Things can always change.
I missed this breakout, but in hindsight, it looks so clear. I drew the line a while back, so sad to miss it