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BTC - Waiting for the Bulls 🦬
Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst.
📈 BTC has been stuck within a range in the form of a symmetrical triangle.
Currently, BTC is in a correction phase and is approaching the lower boundary of the triangle.
In addition, it is again testing strong supports and the round number $60,000.
The highlighted blue circle is a good area to look for buying scenarios as it is the intersection of the blue support and the lower orange supports.
📚 As in my trading style:
As #BTC approaches the blue circle zone, I'll be on the lookout for bullish reversal setups (like a double bottom pattern, trendline break, and so on...)
This bullish scenario will continue as long as the $60,000 level is not broken to the downside.
📚 Always follow your trading plan regarding entry, risk management, and trading.
Good luck!
All strategies are good if managed correctly!
~Rich
Source: TV