Channel Cross or bottom retest, January is pivotal !

9 Jan 2020

On Balance Volume looking healthy, but price action needs to confirm completion of accumulation with a break above the middle of the Donchian channel. Keep this time frame in mind! 1W candles are better for long term investors looking for entries than day trades.

14 Jan 2020

Catatan

at the middle channel cross today! holding this level and a retest in the coming weeks would suggest a few touches of the top of the channel, currently ~11K. failing to cross the midline likely means another touch of the bottom channel, around ~6.5K. GL

29 Jan 2020

Catatan

firmly crossing the middle of the channel, looking for a touch around ~$10,750 and a push up to 12K-14K range.

15 Feb 2020

Catatan

The trade has worked great, I am considering adding here on the dip below 10K, and will definitely setup an order to buy at ~$10,000 - $10,100 if BTC rebounds. To me this looks like a buyable dip.

Long BTC.