BTC - Welcome to Phase 2

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

1️⃣In the previous cycle, BTC broke above its red range during the first parabolic impulse.

2️⃣It then consolidated within a range for a few days before beginning the second impulse.

💡 Can you spot a pattern here?

"History doesn’t repeat itself, but it often rhymes."
~ Mark Twain

2️⃣If we follow the previous cycle and history follows a similar rhythm, we may currently be setting up for phase 2.

📈Confirmation would come from a breakout above the blue range.

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

And Remember: All Strategies Are Good; If Managed Properly!

~Richard Nasr