BTC has been overall bullish, trading within the rising channel marked in blue 🚀
More recently, price entered a strong short-term impulse movement within the rising orange channel, showing aggressive bullish momentum 🔥
However, after such impulsive rallies, corrections become more likely.
If the orange channel and the last low marked in orange are broken downward, a bearish correction toward the lower bound of the larger blue channel will be expected 📉
Meanwhile, as long as the overall blue structure holds, BTC remains bullish from a broader perspective.
Will this be just another healthy correction before continuation higher? 🤔
⚠️ Disclaimer: This is not financial advice. Always do your own research and manage risk properly.
📚 Stick to your trading plan regarding entries, risk, and management.
Good luck! 🍀
All Strategies Are Good; If Managed Properly!
~Richard Nasr
More recently, price entered a strong short-term impulse movement within the rising orange channel, showing aggressive bullish momentum 🔥
However, after such impulsive rallies, corrections become more likely.
If the orange channel and the last low marked in orange are broken downward, a bearish correction toward the lower bound of the larger blue channel will be expected 📉
Meanwhile, as long as the overall blue structure holds, BTC remains bullish from a broader perspective.
Will this be just another healthy correction before continuation higher? 🤔
⚠️ Disclaimer: This is not financial advice. Always do your own research and manage risk properly.
📚 Stick to your trading plan regarding entries, risk, and management.
Good luck! 🍀
All Strategies Are Good; If Managed Properly!
~Richard Nasr
📊I help you turn charts into a career
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Telegram
t.me/thesignalyst
Trusted Crypto Exchange
cutt.ly/qtwKuPaJ
Trusted CFD Broker
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Trusted Crypto Prop Firm
cutt.ly/Hyrotrader
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Les informations et publications ne sont pas destinées à être, et ne constituent pas, des conseils ou recommandations financiers, d'investissement, de trading ou autres fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.
📊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
Clause de non-responsabilité
Les informations et publications ne sont pas destinées à être, et ne constituent pas, des conseils ou recommandations financiers, d'investissement, de trading ou autres fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.