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BTC – Bulls Taking Over?BTC is sitting around a strong support 38k-40k so we will be looking for buy setups

BTC – Bulls Taking Over?BTC is sitting around a strong support 38k-40k so we will be looking for buy setups| FXMAG.COM
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on DAILY: BTC formed a valid channel but it is not ready to go yet.


Trigger => Waiting for a momentum candle close above the last high in gray to buy.


Meanwhile, until the buy is activated, BTC would be overall bearish and can still trade lower inside the brown support zone or even break it downward.

Good luck!


All Strategies Are Good; If Managed Properly!

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~Rich


Richard Nasr

Richard Nasr

- Full-time Trader, Coach, and Founder of theSignalyst with 400+ Students Worldwide.
- Founder of RichTL, which is the first and only indicator of its kind to help traders make Objective Technical Analysis.
- TOP author on TradingView platform
- NewsCrypto.io Ambassador and Educator
- Featured on Influencive as one of the TOP 10 Forex Mentors in 2021
- Featured on many websites like Yahoo!, Market Watch, and Digital Journal


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