Set alerts for the back test of the Middle of the descending channel for a nice long setup .
Expecting a strong reaction at the Point of control confluent with the .618 fib pull from last Swing High/Low also standard Fib Pull from
the high to low of the whole range .786/.886 .
The red box denotes a resistance level where I would be taking majority of profits depending on Volume and candle closes outside of channel .
You can always take for example 75% and leave the 25% to run with a trailing stop .
In my opinion its always best to trade the range until the range breaks .
Ensure to know where you are wrong and remember to always check how BTC is trading before you trade any alts .
Please show your appreciation with a Like and a follow for future setups
Expecting a strong reaction at the Point of control confluent with the .618 fib pull from last Swing High/Low also standard Fib Pull from
the high to low of the whole range .786/.886 .
The red box denotes a resistance level where I would be taking majority of profits depending on Volume and candle closes outside of channel .
You can always take for example 75% and leave the 25% to run with a trailing stop .
In my opinion its always best to trade the range until the range breaks .
Ensure to know where you are wrong and remember to always check how BTC is trading before you trade any alts .
Please show your appreciation with a Like and a follow for future setups
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