Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst.
As per my last BTC analysis (attached on the chart), we were expecting a short-term bullish movement till the upper orange trendline before we get one more deep bearish dive till the 25,000 zone.
📈 Now BTC is sitting around that the upper orange trendline.
For the bulls to remain in control, and invalidate that bearish trend / channel, we need a momentum H4 candle close above the upper orange trendline.
Meanwhile, the bears can still kick in; and the confirmation would be by breaking below the previous highs (in red) downward again.
Which scenario do you think is more likely to happen next? and why?
📚 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 (attached on the chart), we were expecting a short-term bullish movement till the upper orange trendline before we get one more deep bearish dive till the 25,000 zone.
📈 Now BTC is sitting around that the upper orange trendline.
For the bulls to remain in control, and invalidate that bearish trend / channel, we need a momentum H4 candle close above the upper orange trendline.
Meanwhile, the bears can still kick in; and the confirmation would be by breaking below the previous highs (in red) downward again.
Which scenario do you think is more likely to happen next? and why?
📚 Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich
Nota
BTC rejected the upper orange trendline and blue zone, and now sitting around the lower red zone.If BTC breaks below the red zone, expect further bearish movement.
If BTC breaks above the blue zone, expect the bulls to take over.
📊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
Trusted Crypto Prop Firm
cutt.ly/Hyrotrader
theSignalyst.com
Telegram
t.me/thesignalyst
Trusted Crypto Exchange
cutt.ly/qtwKuPaJ
Trusted CFD Broker
cutt.ly/TickmillReal
Trusted Crypto Prop Firm
cutt.ly/Hyrotrader
Exención de responsabilidad
La información y las publicaciones no constituyen, ni deben considerarse como, asesoramiento o recomendaciones financieras, de inversión, de trading u otro tipo, proporcionadas o respaldadas por TradingView. Obtenga más información en Condiciones de uso.
📊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
Trusted Crypto Prop Firm
cutt.ly/Hyrotrader
theSignalyst.com
Telegram
t.me/thesignalyst
Trusted Crypto Exchange
cutt.ly/qtwKuPaJ
Trusted CFD Broker
cutt.ly/TickmillReal
Trusted Crypto Prop Firm
cutt.ly/Hyrotrader
Exención de responsabilidad
La información y las publicaciones no constituyen, ni deben considerarse como, asesoramiento o recomendaciones financieras, de inversión, de trading u otro tipo, proporcionadas o respaldadas por TradingView. Obtenga más información en Condiciones de uso.