Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst.
📈 BTC has been overall bullish, trading within the rising flat wedge in orange.
Currently, BTC is undergoing a correction phase and approaching the lower bound of the wedge.
Moreover, the $63,000 - $63,500 is a strong demand zone.
🏹 Thus, as long as the lower orange trendline holds, we expect the bulls to kick in soon!
📚 As per my trading style: As #BTC approaches the orange trendline, 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
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