BTC - Follow The Trend!

17. Juli

Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst.

📈BTC has been overall bullish, trading above the red trendline.

Moreover, the $61,000 - $62,000 is a strong support zone.

🏹 Thus, the highlighted blue circle is a strong area to look for trend-following buy setups as it is the intersection of the blue support and red trendline acting as a non-horizontal support.

📚 As per my trading style:
As #BTC approaches the blue 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