Bitcoin compression into the blue box before expansion
I'm looking for compression into this blue box.
Dips below the middle of the channel are for buying and top above for selling - these are not easy trades but quite profitable.
Follow along in the hourly to better see resistances and supports.
In the SignalFI indicator you can see the overall trend continued green candles show the trend is still bullish, continuos red candles, bearish.
Blue candles are inconclusive about trend direction may signal a trend change.
Then we see if we are in an HTF reaccumulation or distribution.
Dips below the middle of the channel are for buying and top above for selling - these are not easy trades but quite profitable.
Follow along in the hourly to better see resistances and supports.
In the SignalFI indicator you can see the overall trend continued green candles show the trend is still bullish, continuos red candles, bearish.
Blue candles are inconclusive about trend direction may signal a trend change.
Then we see if we are in an HTF reaccumulation or distribution.