Mad_Poet

BTC at bottom of Paralell channel

Long
BITSTAMP:BTCUSD   Bitcoin / U.S. Dollar
Would be good to hold this channel. Markets may be in for more chop at best, so not a sure thing that BTC can hold onto this.

Comments

Awesome, people don´t realize that the support could be drawn in many different ways, and many just panic sell while others take the opportunity.
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Mad_Poet ViniciusBaccelli
@ViniciusBaccelli, I used a parallel line tool, only way it will connect on this chart, so ignored all other trend lines, and there are many possibilities.
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Interesting take. It's easy to manage risk here, you once can just place stop loss below the channel and i's certainly low-risk area.
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Mad_Poet Ravich000
@Ravich000, Yes indeed.
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