Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst.
Bitcoin has been overall bullish trading inside the rising channel in orange, and it is currently approaching the lower bound of the channel.
Moreover, the zone 27,000 is a demand zone.
🏹 So the highlighted orange circle is a strong area to look for trend-following buy setups as it is the intersection of the blue demand zone and lower orange trendline acting as a non-horizontal support.
As per my trading style:
As BTC approaches the lower orange 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
Bitcoin has been overall bullish trading inside the rising channel in orange, and it is currently approaching the lower bound of the channel.
Moreover, the zone 27,000 is a demand zone.
🏹 So the highlighted orange circle is a strong area to look for trend-following buy setups as it is the intersection of the blue demand zone and lower orange trendline acting as a non-horizontal support.
As per my trading style:
As BTC approaches the lower orange 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
This analysis is done using RichTL
www.RichTL.com
My Telegram Channel
www.t.me/thesignalyst
Best CFD broker
cutt.ly/TickmillReal
www.RichTL.com
My Telegram Channel
www.t.me/thesignalyst
Best CFD broker
cutt.ly/TickmillReal