Chart speaks for itself. Apart from I spelt possible wrong!!! Definitely been awake much too long.
I'm off to bed :)
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Less Sleepy Update
I've cleaned this up a bit on my own chart as I was very sleep deprived when I was making it before. But basically my red channel is "danger zone" in terms of staying in a downtrend (though a good thing if you're bearish, which I still am for now). If we stay in or move above the green channel then the obvious considerations apply. Breach of the lower red channel is the point where I'll become more interested again or if somehow it breaks the $1k point. Until either of these outcomes occur I'm enjoying a break from the charts and have bitcoin alarm on the mobile phone to let me know when things move.
I'm off to bed :)
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Less Sleepy Update
I've cleaned this up a bit on my own chart as I was very sleep deprived when I was making it before. But basically my red channel is "danger zone" in terms of staying in a downtrend (though a good thing if you're bearish, which I still am for now). If we stay in or move above the green channel then the obvious considerations apply. Breach of the lower red channel is the point where I'll become more interested again or if somehow it breaks the $1k point. Until either of these outcomes occur I'm enjoying a break from the charts and have bitcoin alarm on the mobile phone to let me know when things move.