Trade Strategy for Bitcoin in Descending Channel
Symbol: Bitcoin, BTCUSD, XBTUSD
Context: Descending Channel
Charting Timeframe: 15m - 11H
Short Signals:
Green->Red on 15m-30m + Yellow on 1H - 2H + Green Context
Yellow -> Red on 15m--1H + Red or Yellow Context
Green -> Red on 15m - 1H + Red or Yellow Context
Zone near upper border of the Descending Channel
Long(Small Position) Signals:
Multiple Blue -> Green + Red Context
Zone near lower border of the Descending Channel
Trade Setup Examples
Long trade a bounce: Target Reached
Short the end of a bounce: Target Reached
DISCLAIMER
This is only a personal opinion and does NOT serve as investing advice NOR trading advice.
Please make your own decisions, carefully assess risks and be responsible for your own investing and trading activities.
Context: Descending Channel
Charting Timeframe: 15m - 11H
Short Signals:
Green->Red on 15m-30m + Yellow on 1H - 2H + Green Context
Yellow -> Red on 15m--1H + Red or Yellow Context
Green -> Red on 15m - 1H + Red or Yellow Context
Zone near upper border of the Descending Channel
Long(Small Position) Signals:
Multiple Blue -> Green + Red Context
Zone near lower border of the Descending Channel
Trade Setup Examples
Long trade a bounce: Target Reached
Short the end of a bounce: Target Reached
DISCLAIMER
This is only a personal opinion and does NOT serve as investing advice NOR trading advice.
Please make your own decisions, carefully assess risks and be responsible for your own investing and trading activities.
Message the author for a trial of the indicators.
A Trading Indicator Artisan and JAVA Programmer, dedicated to enhancing traders' productivity.
A Trading Indicator Artisan and JAVA Programmer, dedicated to enhancing traders' productivity.
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