BitcoinLong
BTC 4-hour ... Channel Trading Run Chart
Here we all are stuck in the range.
I usually call this the "Chop Chop Zone"
Possible for a long position at the bottom.
Channel trading will produce the unknown.
Meaning.. long fast wicking and reversal ..and.. eventually a breakout (up or down). The breakout is subjected to the traders interpretation of the trend or maxing out of the trend. It is either a continuation of the trend or a reversal of the trend.
So channeling can break-out in either direction.
The trending lines I have is an "M" and suggests PA will breakdown and out, towards the Green Lower Oval graphic. However if PA continues more bouncing in the channel, we could see a continuation to the upside and 111k might be in our future soon.
Good Luck !!
I usually call this the "Chop Chop Zone"
Possible for a long position at the bottom.
Channel trading will produce the unknown.
Meaning.. long fast wicking and reversal ..and.. eventually a breakout (up or down). The breakout is subjected to the traders interpretation of the trend or maxing out of the trend. It is either a continuation of the trend or a reversal of the trend.
So channeling can break-out in either direction.
The trending lines I have is an "M" and suggests PA will breakdown and out, towards the Green Lower Oval graphic. However if PA continues more bouncing in the channel, we could see a continuation to the upside and 111k might be in our future soon.
Good Luck !!
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Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.
Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.