Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst.
on DAILY: Left Chart
As mentioned previously, BTC has been trading inside the orange channel as a correction phase inside the black rising wedge pattern.
Hence, As / If BTC approaches the green demand zone, we will be looking for short-term trend-following buy setups.
🏹 For the bulls to take over long-term, we need a break above the current major high in orange.
on H1: Right Chart
From a short-term perspective, BTC has been stuck inside a range in the shape of an inverse head and shoulders.
🏹 For the bulls to take over short-term, we need a beak above the blue neckline. In this case, a movement till the upper orange trendline from daily would be expected.
📉 Meanwhile, if BTC breaks below the last low in red, we will expect further bearish movement.
For now, we wait ⏱
📚 Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich
on DAILY: Left Chart
As mentioned previously, BTC has been trading inside the orange channel as a correction phase inside the black rising wedge pattern.
Hence, As / If BTC approaches the green demand zone, we will be looking for short-term trend-following buy setups.
🏹 For the bulls to take over long-term, we need a break above the current major high in orange.
on H1: Right Chart
From a short-term perspective, BTC has been stuck inside a range in the shape of an inverse head and shoulders.
🏹 For the bulls to take over short-term, we need a beak above the blue neckline. In this case, a movement till the upper orange trendline from daily would be expected.
📉 Meanwhile, if BTC breaks below the last low in red, we will expect further bearish movement.
For now, we wait ⏱
📚 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
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
Declinazione di responsabilità
Le informazioni e le pubblicazioni non sono intese come, e non costituiscono, consulenza o raccomandazioni finanziarie, di investimento, di trading o di altro tipo fornite o approvate da TradingView. Per ulteriori informazioni, consultare i Termini di utilizzo.
📊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
Declinazione di responsabilità
Le informazioni e le pubblicazioni non sono intese come, e non costituiscono, consulenza o raccomandazioni finanziarie, di investimento, di trading o di altro tipo fornite o approvate da TradingView. Per ulteriori informazioni, consultare i Termini di utilizzo.