BitcoinLong
BTC - Potential Bullish Reversal!
Hello TradingView Family / Fellow Traders. This is Richard, as known as theSignalyst.
BTC is sitting around a strong support 38k-40k so we will be looking for buy setups.
on H4: BTC formed a valid channel in red but it is not ready to go yet.
Trigger => For the bulls to take over, we need a momentum candle close above the last high in gray.
Meanwhile, until the buy is activated, BTC can still trade lower to complete the inverse head and shoulders pattern or even break the support downward.
Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich
BTC is sitting around a strong support 38k-40k so we will be looking for buy setups.
on H4: BTC formed a valid channel in red but it is not ready to go yet.
Trigger => For the bulls to take over, we need a momentum candle close above the last high in gray.
Meanwhile, until the buy is activated, BTC can still trade lower to complete the inverse head and shoulders pattern or even break the support downward.
Always follow your trading plan regarding entry, risk management, and trade management.
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.com/richthesignalyst
Telegram
t.me/thesignalyst
Best CFD broker
cutt.ly/TickmillReal
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