Bitcoin 4h long swing trade idea: Mid to Upper Channel | 240815
Hello together,
here is my idea on Bitcoin for a long swing trading opportunity:
The situation
Bitcoin moves inside a price channel markt by the white dotted lines.
We recently have seen a bounce from the lower side of the channel.
Price is consolidating at a daily support and resistance zone (white area).
The Idea
After a bounce from the lower side of a channel normally follows a move to the upper side of the channel.
If price is able to get above the current consolidation formation at this daily support and resistance zone, a continuation to the upper side of the channel is statistically likely.
The Plan
Entry: Above the B from the ABC Formation (4h timeframe; Details in my YT Video)
SL: Below the consolidation formation (ABC Pattern at the 4h timeframe)
TP: At the upper side of the channel (Risk Reward Ratio = 1.5)
More Info at my YT
BTCUSD 
here is my idea on Bitcoin for a long swing trading opportunity:
The situation
Bitcoin moves inside a price channel markt by the white dotted lines.
We recently have seen a bounce from the lower side of the channel.
Price is consolidating at a daily support and resistance zone (white area).
The Idea
After a bounce from the lower side of a channel normally follows a move to the upper side of the channel.
If price is able to get above the current consolidation formation at this daily support and resistance zone, a continuation to the upper side of the channel is statistically likely.
The Plan
Entry: Above the B from the ABC Formation (4h timeframe; Details in my YT Video)
SL: Below the consolidation formation (ABC Pattern at the 4h timeframe)
TP: At the upper side of the channel (Risk Reward Ratio = 1.5)
More Info at my YT
BTCUSD Note
The trade idea like drawn is not longer valid, because we have seen a lower low. Updates are coming soon. 
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.