BTC - Next Support...

5 jam lalu

Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst.

📉As per my last BTC analysis (attached on the chart), we know that BTC is currently in a short-term correction phase.

The question is: till when/where?

📈From a medium-term perspective, BTC has been bullish trading within the rising channel in blue.

Moreover, the orange zone is a strong demand.

🏹 Thus, the highlighted blue circle is a strong area to look for buy setups as it is the intersection of the orange demand and lower blue trendline.

📚 As per my trading style:
As #BTC approaches the blue circle zone, I will be looking for bullish reversal setups (like a double bottom pattern, trendline break , and so on...)

📚 Always follow your trading plan regarding entry, risk management, and trade management.

Good luck!

All Strategies Are Good; If Managed Properly!
~Rich