Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst.
π BTC has been overall bullish, trading within the rising channel in orange.
Currently, BTC is in a correction phase, approaching the lower bound of the channel.
Moreover, the highlighted red zone is a strong demand.
πΉ Thus, the highlighted blue circle is a strong area to look for buy setups as it is the intersection of the red demand zone and lower orange trendline.
π 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...)
π Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich
π BTC has been overall bullish, trading within the rising channel in orange.
Currently, BTC is in a correction phase, approaching the lower bound of the channel.
Moreover, the highlighted red zone is a strong demand.
πΉ Thus, the highlighted blue circle is a strong area to look for buy setups as it is the intersection of the red demand zone and lower orange trendline.
π 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...)
π Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich
This analysis is done using RichTL
www.RichTL.com
My Telegram Channel
www.t.me/thesignalyst
Buy CRGPT on Uniswap
cutt.ly/CRGPT
www.RichTL.com
My Telegram Channel
www.t.me/thesignalyst
Buy CRGPT on Uniswap
cutt.ly/CRGPT