Bitcoin broke out of the channel from hell

2020年3月13日

Bitcoin is now out of the channel that brought it from 7200 to 3600 in less than 48 hours. Hopefully it will not go back into that channel, because that would mean sub 3K.

2020年3月13日

交易進行

New channel found. Let's see how this plays out.

2020年3月13日

交易結束：達到停損點

Stopped out of this one. We're not seeing a rebound yet, it can go sideways for a while through the capitulation phase before we see a true bottom.

2020年3月13日

交易進行

Another move out of the channel is about to be tested.

2020年3月13日

註釋

And we're off!

2020年3月13日

交易結束：達到停損點

Stopped out of this one too at a small profit. Pattern was broken so all bets are off.

2020年3月13日

交易進行

Back in... got faked out of that.

2020年3月13日

註釋

This trade is done. It was good while it lasted!

2020年3月13日

註釋

Just to recap, this is how I identified the bottom. The move back up was more gradual than expected.