Hello TradingView Family / Fellow Traders. This is Richard, as known as theSignalyst.
BTC is sitting around a strong support 38k-40k so we will be looking for buy setups.
on H4: BTC formed a valid channel in red but it is not ready to go yet.
Trigger => For the bulls to take over, we need a momentum candle close above the last high in gray.
Meanwhile, until the buy is activated, BTC can still trade lower to complete the inverse head and shoulders pattern or even break the support downward.
Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich
BTC is sitting around a strong support 38k-40k so we will be looking for buy setups.
on H4: BTC formed a valid channel in red but it is not ready to go yet.
Trigger => For the bulls to take over, we need a momentum candle close above the last high in gray.
Meanwhile, until the buy is activated, BTC can still trade lower to complete the inverse head and shoulders pattern or even break the support downward.
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
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www.RichTL.com
My Telegram Channel
www.t.me/thesignalyst
Best CFD broker
cutt.ly/TickmillReal