BITCOIN – Correction Started! What Next?
As per my last analysis (attached below), the correction started. NOW WHAT?
BTC is overall bullish trading inside our orange channel so we will be looking for Trend-Following Buy setups as it approaches our lower orange trendline.
As per my trading style:
I will be waiting for BTC to approach the blue arrow (area) to look for possible buy setups (like a double bottom , trendline break , and so on…)
Knowing that BTC can still break the orange trendline downward.
In this case, I will be looking for buy setups as it approaches the green arrow around the 50k blue zone.
Always follow your trading plan regarding entry, risk management, and trade management.
All Strategies Are Good; If Managed Properly!