Hello TradingView Family / Fellow Traders. This is Richard.
🗒 Do you remember this post from 2023?
As mentioned back then, BTC was forming Pattern 4, which was activated after breaking above the falling green channel, leading to a surge of over 200%.
So, according to the educational post, where are we now⁉️
🔑A falling correction after a bullish impulse signals what?
That’s right — we are now in the process of forming Pattern 1.
For this pattern to be activated and the bullish continuation phase to begin, we need a weekly candle close above $70,000.
Of course, in the meantime, as long as BTC is trading within the falling channel, it can still retest the lower bound before activating the phase.
❗️N.B. Always remember, nothing moves in a straight line, so we might see a correction (in the form of a higher low) along the way.
📉 Which scenario do you think is more likely to happen, and why?
Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
🗒 All strategies are good, if managed properly!
~Rich
🗒 Do you remember this post from 2023?
As mentioned back then, BTC was forming Pattern 4, which was activated after breaking above the falling green channel, leading to a surge of over 200%.
So, according to the educational post, where are we now⁉️
🔑A falling correction after a bullish impulse signals what?
That’s right — we are now in the process of forming Pattern 1.
For this pattern to be activated and the bullish continuation phase to begin, we need a weekly candle close above $70,000.
Of course, in the meantime, as long as BTC is trading within the falling channel, it can still retest the lower bound before activating the phase.
❗️N.B. Always remember, nothing moves in a straight line, so we might see a correction (in the form of a higher low) along the way.
📉 Which scenario do you think is more likely to happen, and why?
Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
🗒 All strategies are good, if managed properly!
~Rich
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📊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
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, alım satım veya diğer türden tavsiye veya öneriler anlamına gelmez ve teşkil etmez. Kullanım Koşulları bölümünde daha fazlasını okuyun.