Hello TradingView Family / Fellow Traders. This is Richard, as known as theSignalyst.
As per my last analysis, we were waiting for a break either upward or downward of the range.
BTC broke the range upward, NOW WHAT?
We are currently in a short-term correction phase in the shape of a flag, retesting the upper bound of the gray range.
If we have a break above the flag (in red) then a continuation would be more probable, and as a projection of the first leg (in blue) we will be expecting a movement till the 28k - 30k resistance zone.
unless we break below the last major low from H4 (marked in orange), in this case an over-extended correction would be expected till the 20k zone again.
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 analysis, we were waiting for a break either upward or downward of the range.
BTC broke the range upward, NOW WHAT?
We are currently in a short-term correction phase in the shape of a flag, retesting the upper bound of the gray range.
If we have a break above the flag (in red) then a continuation would be more probable, and as a projection of the first leg (in blue) we will be expecting a movement till the 28k - 30k resistance zone.
unless we break below the last major low from H4 (marked in orange), in this case an over-extended correction would be expected till the 20k zone again.
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
면책사항
해당 정보와 게시물은 금융, 투자, 트레이딩 또는 기타 유형의 조언이나 권장 사항으로 간주되지 않으며, 트레이딩뷰에서 제공하거나 보증하는 것이 아닙니다. 자세한 내용은 이용 약관을 참조하세요.
📊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
면책사항
해당 정보와 게시물은 금융, 투자, 트레이딩 또는 기타 유형의 조언이나 권장 사항으로 간주되지 않으며, 트레이딩뷰에서 제공하거나 보증하는 것이 아닙니다. 자세한 내용은 이용 약관을 참조하세요.