Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst.
📈 BTC has been hovering within a range in the shape of a symmetrical triangle.
📉 After breaking below the last major low in red, BTC has been bearish from a short-term perspective and approaching the lower bound of the triangle.
Moreover, the 60k - 62k is a strong support zone.
🏹 Thus, the latest blue arrow is a strong area to look for buy setups as it is the intersection of the blue support and lower orange trendline.
📚 As per my trading style: As #BTC approaches the blue arrow 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