Using BTC Channels to Buy the Dips in Bitcoin
Three main channels I'm seeing (the third will take some time to play out)
Oct 21-Dec 15 12,000 to 19,200
Dec 16 - Jan 1 19,200 to 29,200
Jan 2 - Today 29,200 to 39,700 (today's open)
What's interesting is look at all those wicks in the 2nd channel.
That's where I am setting my LIMIT ORDERS
I have been reading that institutions were buying from 30-34, which makes sense. Retail likely got shook out in that last major correction.
Oct 21-Dec 15 12,000 to 19,200
Dec 16 - Jan 1 19,200 to 29,200
Jan 2 - Today 29,200 to 39,700 (today's open)
What's interesting is look at all those wicks in the 2nd channel.
That's where I am setting my LIMIT ORDERS
I have been reading that institutions were buying from 30-34, which makes sense. Retail likely got shook out in that last major correction.
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