BTCUSDT 25 JULY 2020 30 MIN/ using lin reg for targeting
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Channel is based on linear regression tool plot. Standard settings.
If looking for a way to clean up the noise and assist you n visualizing projections this can be very useful. Master the Markets has a few chapters dedicated to channel trading. Those few chapters can really help clarify what a trend is, if its weak or strong etc.
You can see the supply show up in the new high ground. Its not very aggressive. I would expect a continuation of the uptrend based on that amount of supply pressure.
Let it settle/let the profit taking go.. let the market play this move out You are too late!
If you buy here you have to ask yourself who you are buying from....
Let it come back down to you.
if it comes down and does not hit demand and continues to fall you wont be in it and you can wait for cheaper prices... you would be trading in this case....
Training/practice **
If looking for a way to clean up the noise and assist you n visualizing projections this can be very useful. Master the Markets has a few chapters dedicated to channel trading. Those few chapters can really help clarify what a trend is, if its weak or strong etc.
You can see the supply show up in the new high ground. Its not very aggressive. I would expect a continuation of the uptrend based on that amount of supply pressure.
Let it settle/let the profit taking go.. let the market play this move out You are too late!
If you buy here you have to ask yourself who you are buying from....
Let it come back down to you.
if it comes down and does not hit demand and continues to fall you wont be in it and you can wait for cheaper prices... you would be trading in this case....
Training/practice **
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