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ergal91
Jun 19, 2022 5:00 PM

BTC parallel channel bottom is in.  Long

Bitcoin / TetherUSBinance

Description

I'm watching weekly timeframe, With this analysis I will add confluence to my previous analysis where I told you BTC has bottomed today at 16500-18500 level.
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BTC touched the lower band of weekly parallel channel with Bullish divergence , which is BTW the bearish conservative projection from top.
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All my ideas are written on the chart.
Comments
nestorador
Too early. Divergence hasn't been formed yet, you may say after pike down formation. I play this:
but in the manual mode. Wish to put SL into the profit. We already are, but I wish price to go lower or I am ready to close position at the market price.
nestorador
@nestorador, My idea was a mistake. Workout of errors performed. Missed bull div on higher timeframes. Anyway I am still sure: dump on Monday. p.s. Missed div completely. I should confess I ignored it.
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