Using the Guassian Channel indicator on the monthly timeframe. We can see that in the past, after the price has significantly correct from its ATH of 50%+, price tend to reverse at the lower channel support(2times on chart) or at the upper support line ( 1 time on the chart)
Right now we are currently at the upper supprt trendline at $70
-Median line at 60$
-Lower line at 50$
Looking at the historical trend as a whole, I think we could potentialy reach the local bottom of this current correction.
My personall action.
Start buying at 70$, and we keep buying more if we go down to test lower trend line of the channel.
All I will go all in once the reversal price is confirmed.
Right now we are currently at the upper supprt trendline at $70
-Median line at 60$
-Lower line at 50$
Looking at the historical trend as a whole, I think we could potentialy reach the local bottom of this current correction.
My personall action.
Start buying at 70$, and we keep buying more if we go down to test lower trend line of the channel.
All I will go all in once the reversal price is confirmed.
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