Hello TradingView Family, this is Richard, and if you like this idea, kindly support with a like or a comment.
BTC is overall bullish trading inside the green channel and currently sitting around the 40k support zone, so we will be looking for buy setups.
on H4: BTC is forming a wedge pattern in red but the upper trendline is not valid yet as per my trading style, 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) and above the 40k for extra confirmation.
Meanwhile, until the buy is activated, BTC would be stuck inside a range, or even break that green channel downward for the bears to take over again.
Which scenario do you think is more likely to happen? and Why?
Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich
BTC is overall bullish trading inside the green channel and currently sitting around the 40k support zone, so we will be looking for buy setups.
on H4: BTC is forming a wedge pattern in red but the upper trendline is not valid yet as per my trading style, 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) and above the 40k for extra confirmation.
Meanwhile, until the buy is activated, BTC would be stuck inside a range, or even break that green channel downward for the bears to take over again.
Which scenario do you think is more likely to happen? and Why?
Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich
Trade Made Simple
RichTL.com
Instagram:
instagram.com/richthesignalyst
Telegram
t.me/thesignalyst
Best CFD broker - Tickmill
cutt.ly/TickmillReal
CFD Broker - TradeNation
cutt.ly/GrTivmRC
RichTL.com
Instagram:
instagram.com/richthesignalyst
Telegram
t.me/thesignalyst
Best CFD broker - Tickmill
cutt.ly/TickmillReal
CFD Broker - TradeNation
cutt.ly/GrTivmRC
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Trade Made Simple
RichTL.com
Instagram:
instagram.com/richthesignalyst
Telegram
t.me/thesignalyst
Best CFD broker - Tickmill
cutt.ly/TickmillReal
CFD Broker - TradeNation
cutt.ly/GrTivmRC
RichTL.com
Instagram:
instagram.com/richthesignalyst
Telegram
t.me/thesignalyst
Best CFD broker - Tickmill
cutt.ly/TickmillReal
CFD Broker - TradeNation
cutt.ly/GrTivmRC
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.