Hi Traders, So here is a simple price action idea. Once the channel breaks, the target is active. Please let me know if you have any questions in the comment section below. Thanks! - Abdulla
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channel broke - volume is also high
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What goes up fast, comes down faster ;)
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Bitcoin under $13,000!
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Hey guys! Sorry I have lost track with the comments - your support is much appreciated :)! Don't forget that all the things I post on trading view is for educational purpose and not a trading signal. Thanks! - Abdulla
@goldbug1, Yes, target was at least 11500, great job man!
goldbug1
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@maniek93, I think he updated it and evolved the trade along the way to be fair as I thought the same thing originally but read the updates.
doremifasol
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Your work is awesome. Simple to understand and follow. So glad i bought at the last dip. Could have been the one earlier, but to many bearish signs at that point, so my noobish-ness did not follow even the easiest signs. Much to learn, and this is very helpful. Thank you!
c6h12o6
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I appreciate the charts and analysis. It's very important for people to remember that this is how we learn. It's never wise to take someone's evaluation and blindly take it as gospel. We are here to learn. If the markets were as predictable as we'd all like them to be, it wouldnt require brains to be successful. Anyone who blames someone else for their poor investment choices should not be investing.
Thank you, AAlFadhala, for your charts and analysis. Keep up the good work.
abdullatrader
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@c6h12o6, Thank you for your kind words, I agree with everything you said! One of my favorite quotes:
“In this business if you’re good, you’re right six times out of ten. You’re never going to be right nine times out of ten.” -Peter Lynch
Jo_karim
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@AAlFadhala, please post your analysis for bitcoin cash.
shalindewan56
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Falling Wedge?
jasonwhite
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@shalindewan, absolutely not, it barely touched your support line twice.