Red Channel Short

Bitcoin / U.S. dollarBitstamp

Description

⋅ Jun 24, 2018 12:01 PM

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

⋅ Jun 24, 2018 12:06 PM

50 Likes to get updated if idea is valid

Comment

⋅ Jun 24, 2018 10:14 PM

broke out?

Trade active

⋅ Aug 8, 2018 7:14 PM

Trend Analysis BTCUSD Bitcoin (Cryptocurrency)bitcoinforecast BTCJPY BTCCNY

Comments

Jey_Jey_Secret

⋅ Jun 24, 2018 3:27 PM

Maybe...

Padlomfaan

⋅ Jun 24, 2018 10:12 PM

@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.

brazuka08

⋅ Jun 25, 2018 1:53 PM

I'm bearish as well,I like the idea. This is one of the coolest charts i've seen on tview.