BITRUE:BTRUSDT   BITRUE COIN/TETHERUS
Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst.

on Weekly: Left Chart
BTR has been trading within a wide range, and it is currently consolidating near a robust support zone. Consequently, we will be searching for buying opportunities on lower timeframes.

on H4: Right Chart
BTR is forming a potential inverse head and shoulders pattern but it is not ready to go yet.

For the bulls to take over, we need a momentum candle close above the gray neckline.

In this case, we will expect a shift in momentum from bearish to bullish.

Meanwhile, until the buy is activated, BTR would be overall bearish and can still trade lower inside the support.

📚 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
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