Get started
Sisif_trader

Possible channel formation on the 4 hour chart for BTC?

Long
Bitcoin / TetherUS (BINANCE:BTCUSDT)  
Sisif_trader Updated   
BINANCE:BTCUSDT   Bitcoin / TetherUS
Parallel Channel Flag
2
2
parallelchannel flagpattern

Good luck with your trades!

Sisif
Comment:
This idea ca also be used to short from the top of the channel, if BTC will confirm downside direction near 18.700-18.800.
Trade active:
Going as planned.

snapshot
Trade closed: target reached:
Decided to close my position at 18720. I don't know how the price wull react when it will touch the upper part of the channel. Trade smart, trade safe!

snapshot
Comment:
Looking for an short entry after a confirmation of the rejection in the 18800-19000 area.
Comment:
No rejection. Possible scenario:
snapshot
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.