BTC - Trading The Range 📦

5. Juli 2023

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

BTC has been stuck inside a range between 29,500 and 31,500 and it is currently approaching the 30,000 round number.

Moreover, BTC is approaching the lower bound of the orange channel.

🏹 So the highlighted red circle is a strong area to look for buy setups as it is the intersection of the 30,000 round number and lower orange trendline.

As per my trading style:
As BTC approaches the red circle zone, I will be looking for bullish reversal setups (like a double bottom pattern, trendline break , and so on...)

If the 30,000 zone is broken downward, we will be expecting further bearish movement till the lower bound of the range around 29,500

📚 Always follow your trading plan regarding entry, risk management, and trade management.

Good luck!

All Strategies Are Good; If Managed Properly!
~Rich