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
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
📊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
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.