Set alerts for the back test of the Middle of the descending channel for a nice long setup .
Expecting a strong reaction at the Point of control confluent with the .618 fib pull from last Swing High/Low also standard Fib Pull from
the high to low of the whole range .786/.886 .
The red box denotes a resistance level where I would be taking majority of profits depending on Volume and candle closes outside of channel .
You can always take for example 75% and leave the 25% to run with a trailing stop .
In my opinion its always best to trade the range until the range breaks .
Ensure to know where you are wrong and remember to always check how BTC is trading before you trade any alts .
Please show your appreciation with a Like and a follow for future setups
Expecting a strong reaction at the Point of control confluent with the .618 fib pull from last Swing High/Low also standard Fib Pull from
the high to low of the whole range .786/.886 .
The red box denotes a resistance level where I would be taking majority of profits depending on Volume and candle closes outside of channel .
You can always take for example 75% and leave the 25% to run with a trailing stop .
In my opinion its always best to trade the range until the range breaks .
Ensure to know where you are wrong and remember to always check how BTC is trading before you trade any alts .
Please show your appreciation with a Like and a follow for future setups
Penerbitan berkaitan
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penerbitan berkaitan
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.