Here I've established a downwards channel on the four hour chart of Bitcoin.
I'm attempting to time the breakout of the current potential consolidation channel.
The white line with question marks added, is to illustrate the need for a new low, so that we might establish the change in sentiment visually, when it happens.
The low, will provide us with critical information so the angle of our current trend line (with the question marks), can be set instead of the makeshift line it is now.
As usual, feel free to save this and see how it plays out. Send me a comment if you have any questions or whatever.
Happy trading.
I'm attempting to time the breakout of the current potential consolidation channel.
The white line with question marks added, is to illustrate the need for a new low, so that we might establish the change in sentiment visually, when it happens.
The low, will provide us with critical information so the angle of our current trend line (with the question marks), can be set instead of the makeshift line it is now.
As usual, feel free to save this and see how it plays out. Send me a comment if you have any questions or whatever.
Happy trading.
Comment:
DRiiiiFT..