🔥 Bitcoin Short Term Channel Trade
Updated
Bitcoin has been trading in this channel for a few days now. At the moment, it's making its way again to the lower support of the said channel. This trade is based on the idea that the channel will hold and launch BTC back up.
Before entering this trade wait for the price to touch the Entry line. Higher time frames yield a higher predictive power.
On the chart, I’ve marked two potential areas of resistance, R1, and R2. These areas are based on recent swing highs/lows and round numbers. Do your own due diligence.
Happy trading!
Before entering this trade wait for the price to touch the Entry line. Higher time frames yield a higher predictive power.
On the chart, I’ve marked two potential areas of resistance, R1, and R2. These areas are based on recent swing highs/lows and round numbers. Do your own due diligence.
Happy trading!
Note
Touched 63K, Thanks Who Trusted
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.