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Mad_Poet
Mar 25, 2021 5:35 PM

BTC at bottom of Paralell channel Long

Bitcoin / U.S. dollarBitstamp

Description

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
ViniciusBaccelli
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.
Mad_Poet
@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.
Ravich000
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.
Mad_Poet
@Ravich000, Yes indeed.
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