BTG - Trend-Following Setup!
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BTG is overall bullish and now approaching the lower blue trendline so we will be looking for buy setups on lower timeframes.
on H4: BTG is forming a trendline in red but it is not valid yet, so we are waiting for a new swing high to form around it to consider it our trigger swing. (projection in purple)
Trigger => Waiting for that swing to form and then buy after a momentum candle close above it (gray zone)
Meanwhile, until the buy is activated, BTG would be overall bearish can still trade lower. And for the bears to take over, we need to see a break below the 50.0
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich
BTG is overall bullish and now approaching the lower blue trendline so we will be looking for buy setups on lower timeframes.
on H4: BTG is forming a trendline in red but it is not valid yet, so we are waiting for a new swing high to form around it to consider it our trigger swing. (projection in purple)
Trigger => Waiting for that swing to form and then buy after a momentum candle close above it (gray zone)
Meanwhile, until the buy is activated, BTG would be overall bearish can still trade lower. And for the bears to take over, we need to see a break below the 50.0
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich
Trading Made Simple; and Rule-Based
RichTL.com
Instagram:
instagram.com/richthesignalyst
Telegram:
t.me/thesignalyst
Best CFD broker
cutt.ly/TickmillReal
RichTL.com
Instagram:
instagram.com/richthesignalyst
Telegram:
t.me/thesignalyst
Best CFD broker
cutt.ly/TickmillReal
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