Trade Strategy for Bitcoin in Descending Channel
charting by tradingview
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
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