BTC - Bullish Again!

24. Aug.

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

📈 BTC has been overall bullish, trading inside the rising wedge channel in brown.

Yesterday, after Jerome Powell's speech, BTC jumped above the $60,000 zone.

🏹 The highlighted blue circle is a strong area to look for buy setups as it is the intersection of the blue support and lower brown 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