BTC local scalping regression channel identified

If you like scalping as much as I do... I've identified the scalp zone based on the fib of local lowest low and highest high.

Remember, the price likes to bounce around the fibs. So use that to your advantage. ALSO REMEMBER that BTC is in a downtrend, it is much riskier to long up to the top of the channel than it is to short from the top. If you're going to open a long at the bottom, have a tight stop loss in case we fail out of the flag completely as that is a very high possibility at any point now.

Happy scalping.

Something like this could also play out:

Comment:

Quick update: