BTC - Next Bullish Impulse Soon!

1 juil.

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

📈 BTC has been overall bullish, trading above the rising trendline marked in red.

Currently, BTC is undergoing a correction phase and approaching the trendline.

Moreover, it is retesting a strong support zone marked in blue.

🏹 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 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