TheSignalyst

BTCST - Wait For The Trigger!

Long
BINANCE:BTCSTUSDT   BTCST / TetherUS
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BTCST is sitting around a strong demand zone in green so we will be looking for buy setups.

on H4: BTCST formed an inverse head and shoulders pattern but it is not ready to go yet.

Before we buy, we want the buyers to prove that they are taking over again.

Trigger => Waiting for a momentum candle close above the gray neckline to buy.

Meanwhile, until the buy is activated, BTCST would be overall bearish can still trade lower till the green support before going up. In this case we will be looking for new buy setups to form.

Good luck!

All Strategies Are Good; If Managed Properly!
~Rich

This analysis is done using RichTL indicator
http://www.RichTL.com

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