Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst.
📈 BTC has been hovering within a range in the shape of a symmetrical triangle.
📉 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.
📚 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...)
📚 Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich
📈 BTC has been hovering within a range in the shape of a symmetrical triangle.
📉 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.
📚 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...)
📚 Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich
Trade Made Simple
RichTL.com
Telegram
t.me/thesignalyst
Best CFD broker - Tickmill
cutt.ly/TickmillReal
Crypto.com Exchange
crypto.com/exch/theSignalyst
RichTL.com
Telegram
t.me/thesignalyst
Best CFD broker - Tickmill
cutt.ly/TickmillReal
Crypto.com Exchange
crypto.com/exch/theSignalyst
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Trade Made Simple
RichTL.com
Telegram
t.me/thesignalyst
Best CFD broker - Tickmill
cutt.ly/TickmillReal
Crypto.com Exchange
crypto.com/exch/theSignalyst
RichTL.com
Telegram
t.me/thesignalyst
Best CFD broker - Tickmill
cutt.ly/TickmillReal
Crypto.com Exchange
crypto.com/exch/theSignalyst
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.