I’ll let the chart explain.

My set up here:
Entry : 37200
Stop Loss: 36800
Take Profit: 39500

It’s a dangerous trade for sure, and I’ll probably get stopped out… but the risk isn’t bad. The channel formation is very clean so far, so we can expect atleast some sort of bounce around 37k. This is a very short term trade for me and I’m taking profits early, in case Bitcoin decides to break through the bottom of the channel (would not surprise me) You could use a lower stop loss if you have a little more risk appetite, or you could layer your entries in gradually as the price goes below 37000. I never really liked doing that. I’m being conservative these days. Set it and forget it. Good luck