Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst.
As per my last BTC analysis (attached on the chart), we were expecting a short-term bullish movement till the upper orange trendline before we get one more deep bearish dive till the 25,000 zone.
📈 Now BTC is sitting around that the upper orange trendline.
For the bulls to remain in control, and invalidate that bearish trend / channel, we need a momentum H4 candle close above the upper orange trendline.
Meanwhile, the bears can still kick in; and the confirmation would be by breaking below the previous highs (in red) downward again.
Which scenario do you think is more likely to happen next? 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 BTC analysis (attached on the chart), we were expecting a short-term bullish movement till the upper orange trendline before we get one more deep bearish dive till the 25,000 zone.
📈 Now BTC is sitting around that the upper orange trendline.
For the bulls to remain in control, and invalidate that bearish trend / channel, we need a momentum H4 candle close above the upper orange trendline.
Meanwhile, the bears can still kick in; and the confirmation would be by breaking below the previous highs (in red) downward again.
Which scenario do you think is more likely to happen next? and why?
📚 Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich
Note
BTC rejected the upper orange trendline and blue zone, and now sitting around the lower red zone.If BTC breaks below the red zone, expect further bearish movement.
If BTC breaks above the blue zone, expect the bulls to take over.
Trade Made Simple
RichTL.com
Instagram:
instagram.com/richthesignalyst
Telegram
t.me/thesignalyst
Best CFD broker - Tickmill
cutt.ly/TickmillReal
Kucoin Exchange
kucoin.com/r/af/signalyst
RichTL.com
Instagram:
instagram.com/richthesignalyst
Telegram
t.me/thesignalyst
Best CFD broker - Tickmill
cutt.ly/TickmillReal
Kucoin Exchange
kucoin.com/r/af/signalyst
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
Kucoin Exchange
kucoin.com/r/af/signalyst
RichTL.com
Instagram:
instagram.com/richthesignalyst
Telegram
t.me/thesignalyst
Best CFD broker - Tickmill
cutt.ly/TickmillReal
Kucoin Exchange
kucoin.com/r/af/signalyst
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.