BTC - Wait For The Bulls!

٢٢ يونيو

Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst.

📈 After breaking below the structure marked in orange, BTC has been bearish trading within the falling wedge pattern marked in red.

Currently, BTC is approaching the lower bound of the wedge.

Moreover, it is retesting a strong support zone $60,000 - $62,000..

🏹 Thus, the highlighted blue circle is a strong area to look for trend-following buy setups as it is the intersection of the blue support zone and lower red trendline acting as a non-horizontal support.

📚 As per my trading style:
As #BTC approaches the blue circle 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