TheSignalyst

BTT- Trend-Following Setup!

Long
BITFINEX:BTTUSD   BTT / Dollar
Hello everyone, if you like the idea, do not forget to support with a like and follow.

BTT is overall bullish and now retesting our green support so we will be looking for buy setups.

Before we buy,
we want the buyers to prove that they are taking over again.
You don't want to buy a bearish market right?

on H4: BTT is forming a channel in red but our upper trendline is not valid yet, so we are waiting for a new swing high to form around it to consider it our trigger swing. (projection in purple)

Trigger => Waiting for that swing to form and then buy after a momentum candle close above it (gray zone)

Meanwhile, until the buy is activated, BTT would be overall bearish can still trade lower.

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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