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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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Aviso legal
As informações e publicações não devem ser e não constituem conselhos ou recomendações financeiras, de investimento, de negociação ou de qualquer outro tipo, fornecidas ou endossadas pela TradingView. Leia mais em Termos de uso.