Back to (Red Channel) the longer term channel RED Channel is seriously amazing one First cycle before first halving in 2012 to second halving in 2016 it was touched 9 times everyone was a reversal point Second cycle from Halving 2016 till now it touched the trend channel 8 times while middle one 9 times buying zone around 3000-5000 in purple boxes Not...
Buying zone in the red area best buy opportunity for the next 4 years is coming buying zone around 3000-5000 area time around from now to 2 weeks Not trading idea at all just anticipation and comparing fractals of 2014 here is your trading channel in red channel for next 2 years parabolic rise will occur after halving 6/2020
Simply watch out for that fib channel Best buying zone in red rectangle (best buy around 4k-5k) this is the accumulation phase that will take time for sure but totally worth it Next halving is 25 may 2020 the coin reward will decrease from 12.5 to 6.25 (minimum Bitcoin price will be 17k) at Jan 2022 Bitcoin could reach 800K (100% extension of Fib channel) See...
that's the bottom for now World cup will pump it tomorrow
Possibly could bounce from 7100 area to 8000 4H RSI is under 30 could bounce soon D RSI near 30 which is a good buy opportunity
Etc will face a huge upside this year and following years just watch out for buying zone in red rectangle 50 like to get updated
Wykoff Accumulation phases Here is a figure to know the wykoff theory d.stockcharts.com buying territories is in blue boxes Fisrt box around 210k-190k (LPs) if dropped further Second box around 160k - 120K (Spring phase) then a mark up to the moon just remember it's just an idea that could happen depending in the market it's self 50 likes if u want to...
why to wait to enter in high prices when u can enter in low one Long term investment Target is unpredictable so let's find out Happy trading