BTC has been overall bullish trading within the large rising blue channel 📈
Recently, the bullish impulse movement inside the smaller orange channel started losing momentum after price broke below the last low marked in orange 🔍
This breakdown signals that the bearish correction phase has likely started, and a movement toward the lower bound of the blue channel is now expected.
As long as BTC remains inside the overall blue channel, the bigger picture remains bullish. However, in the short term, deeper pullbacks could still unfold before the next major bullish continuation 🚀
Will the lower blue trendline attract buyers for the next bounce? 🤔
⚠️ 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
Recently, the bullish impulse movement inside the smaller orange channel started losing momentum after price broke below the last low marked in orange 🔍
This breakdown signals that the bearish correction phase has likely started, and a movement toward the lower bound of the blue channel is now expected.
As long as BTC remains inside the overall blue channel, the bigger picture remains bullish. However, in the short term, deeper pullbacks could still unfold before the next major bullish continuation 🚀
Will the lower blue trendline attract buyers for the next bounce? 🤔
⚠️ 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
עסקה סגורה: היעד הושג
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כתב ויתור
המידע והפרסומים אינם מיועדים להיות, ואינם מהווים, ייעוץ או המלצה פיננסית, השקעתית, מסחרית או מכל סוג אחר המסופקת או מאושרת על ידי TradingView. קרא עוד ב־תנאי השימוש.
📊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
כתב ויתור
המידע והפרסומים אינם מיועדים להיות, ואינם מהווים, ייעוץ או המלצה פיננסית, השקעתית, מסחרית או מכל סוג אחר המסופקת או מאושרת על ידי TradingView. קרא עוד ב־תנאי השימוש.