BTC is overall bullish from a long-term perspective trading inside the brown channel on Weekly.
However, we are bearish from a medium-term perspective trading inside the blue channel on DAILY.
Technically we are still overall bearish and here are the two possible scenarios:
Scenario 1: Projection in Red
A break (daily close) below the lower gray area, signaling that the bears are still in control and ready for another impulse movement till around 40k
Scenario 2: Projection in Purple
A sudden shift in momentum, by an aggressive movement from here to break above the upper gray area, invalidating the blue channel, signaling that the bulls are taking full control again.
Which scenario do you think is more likely to happen? and Why?
All Strategies Are Good; If Managed Properly!
~Rich
However, we are bearish from a medium-term perspective trading inside the blue channel on DAILY.
Technically we are still overall bearish and here are the two possible scenarios:
Scenario 1: Projection in Red
A break (daily close) below the lower gray area, signaling that the bears are still in control and ready for another impulse movement till around 40k
Scenario 2: Projection in Purple
A sudden shift in momentum, by an aggressive movement from here to break above the upper gray area, invalidating the blue channel, signaling that the bulls are taking full control again.
Which scenario do you think is more likely to happen? and Why?
All Strategies Are Good; If Managed Properly!
~Rich
Trade Made Simple
RichTL.com
Instagram:
instagram.com/richthesignalyst
Telegram
t.me/thesignalyst
Best CFD broker - Tickmill
cutt.ly/TickmillReal
CFD Broker - TradeNation
cutt.ly/GrTivmRC
RichTL.com
Instagram:
instagram.com/richthesignalyst
Telegram
t.me/thesignalyst
Best CFD broker - Tickmill
cutt.ly/TickmillReal
CFD Broker - TradeNation
cutt.ly/GrTivmRC
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.
Trade Made Simple
RichTL.com
Instagram:
instagram.com/richthesignalyst
Telegram
t.me/thesignalyst
Best CFD broker - Tickmill
cutt.ly/TickmillReal
CFD Broker - TradeNation
cutt.ly/GrTivmRC
RichTL.com
Instagram:
instagram.com/richthesignalyst
Telegram
t.me/thesignalyst
Best CFD broker - Tickmill
cutt.ly/TickmillReal
CFD Broker - TradeNation
cutt.ly/GrTivmRC
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.