Hello everyone, if you like the idea, do not forget to support with a like and follow.
BTC is retesting our 58k-60k support again so we will be looking for buy setups on lower timeframes.
on H1: BTC is forming a channel in green but the upper trendline is not valid yet, so we are waiting for a new swing high to form around it to consider it our trigger swing. (projection in purple)
Trigger => Waiting for that third swing to form and then buy after a momentum candle close above it (gray zone)
Meanwhile, until the buy is activated, BTC would be overall bearish can still trade lower inside the 58k-60k support before going up. But for the bears to take control we need to see a break below the 57k highlighted in orange.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich
BTC is retesting our 58k-60k support again so we will be looking for buy setups on lower timeframes.
on H1: BTC is forming a channel in green but the upper trendline is not valid yet, so we are waiting for a new swing high to form around it to consider it our trigger swing. (projection in purple)
Trigger => Waiting for that third swing to form and then buy after a momentum candle close above it (gray zone)
Meanwhile, until the buy is activated, BTC would be overall bearish can still trade lower inside the 58k-60k support before going up. But for the bears to take control we need to see a break below the 57k highlighted in orange.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich
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theSignalyst.com
Telegram
t.me/thesignalyst
Trusted Crypto Exchange
cutt.ly/qtwKuPaJ
Trusted CFD Broker
cutt.ly/TickmillReal
Trusted Crypto Prop Firm
cutt.ly/Hyrotrader
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Le informazioni e le pubblicazioni non sono intese come, e non costituiscono, consulenza o raccomandazioni finanziarie, di investimento, di trading o di altro tipo fornite o approvate da TradingView. Per ulteriori informazioni, consultare i Termini di utilizzo.
📊I help you turn charts into a career
theSignalyst.com
Telegram
t.me/thesignalyst
Trusted Crypto Exchange
cutt.ly/qtwKuPaJ
Trusted CFD Broker
cutt.ly/TickmillReal
Trusted Crypto Prop Firm
cutt.ly/Hyrotrader
theSignalyst.com
Telegram
t.me/thesignalyst
Trusted Crypto Exchange
cutt.ly/qtwKuPaJ
Trusted CFD Broker
cutt.ly/TickmillReal
Trusted Crypto Prop Firm
cutt.ly/Hyrotrader
Declinazione di responsabilità
Le informazioni e le pubblicazioni non sono intese come, e non costituiscono, consulenza o raccomandazioni finanziarie, di investimento, di trading o di altro tipo fornite o approvate da TradingView. Per ulteriori informazioni, consultare i Termini di utilizzo.