ASR has been trading is this massive channel of almost three months now. Before yesterday's sell-off, there was some great price action going on. This trade is based on a mix of that previous price action and the fact that the price is currently very near the channel support, therefore likely to bounce soon.
Hi mate, I just recently followed you. What does the dotted line means? and for some of your recent ideas, if BTC has a minor correction which drag all these ideas out of their lines, does the idea still hold?
Thanks again.
FieryTrading
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@fabianwz, The dotted line is just another trend line, on the "regular" scale instead of the log scale. The idea's still hold, sort of. Be cateful trading them tho.