BTC One hour near bottom of channel
The BTC one hour time frame is in an up channel.
The market is near the bottom of the channel but
is still below the short term down trend line. It
will be a good idea to wait for the market to break
and close above the short term down trend line
before looking for long ideas.
Entry: Counter trend line break bullish above
the bottom of the channel.
STOP: In the sell zone
LIMIT: 47785
Once or if the market enters into the buy zone.
It will be a good idea to turn to the five minute
time frame and to look for tunnel trader long /
destination trader long opportunities.
The market is near the bottom of the channel but
is still below the short term down trend line. It
will be a good idea to wait for the market to break
and close above the short term down trend line
before looking for long ideas.
Entry: Counter trend line break bullish above
the bottom of the channel.
STOP: In the sell zone
LIMIT: 47785
Once or if the market enters into the buy zone.
It will be a good idea to turn to the five minute
time frame and to look for tunnel trader long /
destination trader long opportunities.
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