Possible channel formation on the 4 hour chart for BTC?
Updated
Good luck with your trades!
Sisif
Note
This idea ca also be used to short from the top of the channel, if BTC will confirm downside direction near 18.700-18.800.Trade active
Going as planned.Trade closed: target reached
Decided to close my position at 18720. I don't know how the price wull react when it will touch the upper part of the channel. Trade smart, trade safe!Note
Looking for an short entry after a confirmation of the rejection in the 18800-19000 area.Note
No rejection. Possible scenario:
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.