jknighten84

Short term vs long term price moves

BITSTAMP:BTCUSD   Bitcoin / Dolar
167 0 2
These lines look intimidating but they tell a very simple story of price predictions/possibilities. My style of trading is drawing short, medium, & long term price channels. Price will gravitate back & forth between these channels until it breaks out or breaks down major channels. This creates new channels inside & outside of previous price action. I've been most successful when I can jump on a moving channel & ride it until new channels start to break down. My thinking pattern is " if price goes "HERE", I'll buy & hold until it goes "THERE"...This is a pretty elementary style of trading once you take time to practice identifying channels of support & price targets.
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