Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst.
As per my last analysis, we know that the correction already started by breaking below the gray H4 low.
📉 BTC has been bearish from a medium-term perspective trading inside the falling channel in red.
This channel reminds of the previous one a couple of weeks ago.
🏹 As mentioned in the last BTC video update, for the bulls to kick in, hence start the next bullish impulse, we need a above the upper red trendline and last major high in red. (around 22,600)
Meanwhile, BTC can still dive inside the 21,000 support zone.
If we break 21,000 downward from daily, then we will expect further long-term bearish movement till 19,000
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
As per my last analysis, we know that the correction already started by breaking below the gray H4 low.
📉 BTC has been bearish from a medium-term perspective trading inside the falling channel in red.
This channel reminds of the previous one a couple of weeks ago.
🏹 As mentioned in the last BTC video update, for the bulls to kick in, hence start the next bullish impulse, we need a above the upper red trendline and last major high in red. (around 22,600)
Meanwhile, BTC can still dive inside the 21,000 support zone.
If we break 21,000 downward from daily, then we will expect further long-term bearish movement till 19,000
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
📊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
Thông báo miễn trừ trách nhiệm
Thông tin và các ấn phẩm này không nhằm mục đích, và không cấu thành, lời khuyên hoặc khuyến nghị về tài chính, đầu tư, giao dịch hay các loại khác do TradingView cung cấp hoặc xác nhận. Đọc thêm tại Điều khoản Sử dụng.
📊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
Thông báo miễn trừ trách nhiệm
Thông tin và các ấn phẩm này không nhằm mục đích, và không cấu thành, lời khuyên hoặc khuyến nghị về tài chính, đầu tư, giao dịch hay các loại khác do TradingView cung cấp hoặc xác nhận. Đọc thêm tại Điều khoản Sử dụng.