Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst.
As per my last BTC analysis, I have mentioned that if we break below the green previous low, we will be expecting a movement till the 25,000 support.
🏹 Here is why the 25,000 zone marked by red circle is a strong support:
1- Round number => 25,000
2- Classic Resistance Zone Turned Support
3- Lower red trendline acting as a non-horizontal support
4- Lower orange trendline acting as a non-horizontal support
5- Demand zone
📈 BTC is now sitting around that green area and since the daily candle hasn't closed below it, the bulls can still kick in for a correction.
Yes, we will keep calling every bullish movement a correction as long as we are trading inside the falling orange channel.
For the bulls to take over medium-term again, we need a break above the upper orange channel.
For now, we are expecting a short=term bullish correction followed by another bearish impulse.
📚 Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich
As per my last BTC analysis, I have mentioned that if we break below the green previous low, we will be expecting a movement till the 25,000 support.
🏹 Here is why the 25,000 zone marked by red circle is a strong support:
1- Round number => 25,000
2- Classic Resistance Zone Turned Support
3- Lower red trendline acting as a non-horizontal support
4- Lower orange trendline acting as a non-horizontal support
5- Demand zone
📈 BTC is now sitting around that green area and since the daily candle hasn't closed below it, the bulls can still kick in for a correction.
Yes, we will keep calling every bullish movement a correction as long as we are trading inside the falling orange channel.
For the bulls to take over medium-term again, we need a break above the upper orange channel.
For now, we are expecting a short=term bullish correction followed by another bearish impulse.
📚 Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich
📊I help you turn charts into a career
theSignalyst.com
Telegram
t.me/thesignalyst
Trusted Crypto Exchange
cutt.ly/qtwKuPaJ
Trusted CFD Broker
cutt.ly/TickmillReal
theSignalyst.com
Telegram
t.me/thesignalyst
Trusted Crypto Exchange
cutt.ly/qtwKuPaJ
Trusted CFD Broker
cutt.ly/TickmillReal
Haftungsausschluss
Die Informationen und Veröffentlichungen sind nicht als Finanz-, Anlage-, Handels- oder andere Arten von Ratschlägen oder Empfehlungen gedacht, die von TradingView bereitgestellt oder gebilligt werden, und stellen diese nicht dar. Lesen Sie mehr in den Nutzungsbedingungen.
📊I help you turn charts into a career
theSignalyst.com
Telegram
t.me/thesignalyst
Trusted Crypto Exchange
cutt.ly/qtwKuPaJ
Trusted CFD Broker
cutt.ly/TickmillReal
theSignalyst.com
Telegram
t.me/thesignalyst
Trusted Crypto Exchange
cutt.ly/qtwKuPaJ
Trusted CFD Broker
cutt.ly/TickmillReal
Haftungsausschluss
Die Informationen und Veröffentlichungen sind nicht als Finanz-, Anlage-, Handels- oder andere Arten von Ratschlägen oder Empfehlungen gedacht, die von TradingView bereitgestellt oder gebilligt werden, und stellen diese nicht dar. Lesen Sie mehr in den Nutzungsbedingungen.