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go8686
Jul 18, 2019 10:22 PM

Trade Strategy for Bitcoin in Descending Channel Short

Bitcoin / United States DollarCoinbase

Description

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.
Comments
UnknownUnicorn4870840
good job
go8686
@Ali-wave, Thank you!
UnknownUnicorn2760874
Good idea :)
go8686
@Moiseiev_Yurii, Thanks!
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