TheSignalyst

BTC - Are You Ready?⏱

KUCOIN:BTCUSDT   Bitcoin / Tether
Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst.

πŸ“ˆ BTC has been hovering within a range in the shape of a symmetrical triangle.

πŸ“‰ After breaking below the last major low in red, BTC has been bearish from a short-term perspective and approaching the lower bound of the triangle.

Moreover, the 60k - 62k is a strong support zone.

🏹 Thus, the latest blue arrow is a strong area to look for buy setups as it is the intersection of the blue support and lower orange trendline.

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

πŸ“š 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

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