TradingView
moonshot
Jan 15, 2021 6:16 PM

Using BTC Channels to Buy the Dips in Bitcoin  

Bitcoin / United States DollarCoinbase

Description

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.
More