BITSTAMP:BTCUSD   Bitcoin / U.S. Dollar
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 financial idea just comparing fractals
Comment: 50 Likes to get updated if idea is valid
Comment: broke out?
Trade active

Comments


Maybe...
+2 Reply
Dashtothetop Jey_Jey_Secret
@Jey_Jey_Secret, why wouldn't this need like another 2 years to play out.... I think you're too bullish but then again bitcoin loves its technicals.
Reply
I'm bearish as well,I like the idea. This is one of the coolest charts i've seen on tview.
+1 Reply
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