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Bitrue

BTR - Stronger Than Ever 💪Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst. 📊 As per my last analysis, attached on the chart, BTR broke above the red channel and 0.0385 resistance and traded higher to reach our target. Now What? 📈 BTR is sitting around the last weekly major high highlighted in orange. For the bulls to remain in control, and take over from a long-term perspective, we need a break above 0.062. In this case, a movement till the 0.1 round number would be expected. 📉 Meanwhile , BTR can still reject the orange high and trade lower to test the 0.05 round number where we will be looking for new short-term buy setups. 📚 Always remember to follow your trading plan regarding entry, risk management, and trade management. Good luck! And always remember: All strategies are good if managed properly! ~Rich
by TheSignalyst
BTR - Still Strong 💪Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst. 📊 As per my last analysis, attached on the chart, BTR rejected 0.0255 support and traded higher. Now BTR is sitting around the upper bound of the red channel. 📈 For the bulls to remain in control, we need a break above the upper red trendline and last major high in blue at 0.0385 📉 Meanwhile, BTR can still trade lower to test the 0.0255 support again where we will be looking for new short-term buy setups. 📚 Always remember to follow your trading plan regarding entry, risk management, and trade management. Good luck! And always remember: All strategies are good if managed properly! ~Rich
Long
by TheSignalyst
5
BTR - Strong Again 💪Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst. on Weekly: Left Chart BTR has been trading within a wide range, and it is currently consolidating near a robust support zone. Consequently, we will be searching for buying opportunities on lower timeframes. on H4: Right Chart BTR is forming a potential inverse head and shoulders pattern but it is not ready to go yet. For the bulls to take over, we need a momentum candle close above the gray neckline. In this case, we will expect a shift in momentum from bearish to bullish. Meanwhile, until the buy is activated, BTR would be overall bearish and can still trade lower inside the support. 📚 Always follow your trading plan regarding entry, risk management, and trade management. Good luck! All Strategies Are Good; If Managed Properly! ~Rich
by TheSignalyst
12