Bitcoin broke out of the channel from hell

13 Mar 2020

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.

13 Mar 2020

İşlem aktif

New channel found. Let's see how this plays out.

13 Mar 2020

İşlem kapandı: durdurma seviyesi

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.

13 Mar 2020

İşlem aktif

Another move out of the channel is about to be tested.

13 Mar 2020

Not

And we're off!

13 Mar 2020

İşlem kapandı: durdurma seviyesi

Stopped out of this one too at a small profit. Pattern was broken so all bets are off.

13 Mar 2020

İşlem aktif

Back in... got faked out of that.

13 Mar 2020

Not

This trade is done. It was good while it lasted!

13 Mar 2020

Not

Just to recap, this is how I identified the bottom. The move back up was more gradual than expected.