Hii,
In continuation of the first chapter, we have seen the upward and downward channels. Now here I am showing you the channel.
Remember, it’s not the stock market — it’s the crypto market — so it does follow the channel.
One tip from a book I have read: you can draw three lines in a channel, whether it is moving upward or downward. Do not stick to the point of tangent; just draw a line with wisdom where Bitcoin shows any move or touch point.
In the next chapter, I will teach you how to identify the most accurate point from where a coin may change its direction.
Let’s see some examples of an upward trend and how I have drawn three lines in a channel.
1)
2)
Now, in the downtrend —
See the chart and make the line cautiously because it’s Bitcoin, babe.
I have observed it’s a 24×7 market. Many times it tests the same point again and again and then goes up when you are not on the system. So, I will also teach you how to evaluate the probability of a sharp move — whether up or down.
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Hope you like the content.
Thank you.
My blogs will be short so that you will not get bored.
hi