BTR - Stronger Than Ever 💪

13 nov 2023

Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst.

📊 As per my last analysis, attached on the chart, BTR broke above the red channel and 0.0385 resistance and traded higher to reach our target.

Now What?

📈 BTR is sitting around the last weekly major high highlighted in orange.

For the bulls to remain in control, and take over from a long-term perspective, we need a break above 0.062. In this case, a movement till the 0.1 round number would be expected.

📉 Meanwhile, BTR can still reject the orange high and trade lower to test the 0.05 round number where we will be looking for new short-term buy setups.

📚 Always remember to follow your trading plan regarding entry, risk management, and trade management.

Good luck!

And always remember: All strategies are good if managed properly!
~Rich