Technical analysis by Trader-Rita about Symbol BTC: Buy recommendation (12/6/2024)

BTC - Bulls Still Strong! BTC is trading high inside the ascending channel in blue. Currently, BTC is in a correction phase approaching the channel border alt. Also, the blue zone is a strong structure and support. Therefore, the highlighted blue circle is a strong area to look for buy setups as it is the intersection of support and trendline alt which acts as non-horizontal support. According to my trading style: #BTC As we approach the blue circle, I will be looking for bullish reversal setups (like double bottom pattern, trendline breakout, etc...) Always follow your trading plan regarding entry, risk management, and trade management. Good luck!