This chart shows my thoughts on the Higher Time Frame (HTF) for BTC .
Most people have a Higher Time Frame (HTF) chart, what does yours look like?
Parallel Channels
This chart is on a 2 day timeframe, it consist of several parallel channels. Price wicked into my green box of interest at the bottom of the violet channel. Channels and trendlines can act as great support and resistance.
I have an alert set for 35400, if this fires I will reassess and potentially prepare for a long trade.
Most people have a Higher Time Frame (HTF) chart, what does yours look like?
Parallel Channels
This chart is on a 2 day timeframe, it consist of several parallel channels. Price wicked into my green box of interest at the bottom of the violet channel. Channels and trendlines can act as great support and resistance.
I have an alert set for 35400, if this fires I will reassess and potentially prepare for a long trade.
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