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As per my last analysis (attached below), the correction started. NOW WHAT?
BTC is overall bullish trading inside our orange channel so we will be looking for Trend-Following Buy setups as it approaches our lower orange trendline.
As per my trading style:
I will be waiting for BTC to approach the blue arrow (area) to look for possible buy setups (like a double bottom , trendline break , and so on...)
Knowing that BTC can still break the orange trendline downward.
In this case, I will be looking for buy setups as it approaches the green arrow around the 50k blue zone.
Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich
BTC is overall bullish trading inside our orange channel so we will be looking for Trend-Following Buy setups as it approaches our lower orange trendline.
As per my trading style:
I will be waiting for BTC to approach the blue arrow (area) to look for possible buy setups (like a double bottom , trendline break , and so on...)
Knowing that BTC can still break the orange trendline downward.
In this case, I will be looking for buy setups as it approaches the green arrow around the 50k blue zone.
Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich
This analysis is done using RichTL indicator
http://www.RichTL.com
Telegram Free Channel for Alerts:
https://t.me/thesignalyst
Youtube Channel:
https://youtube.com/c/thesignalyst?sub_confirmation=1
Instagram:
https://instagram.com/richthesignalyst
http://www.RichTL.com
Telegram Free Channel for Alerts:
https://t.me/thesignalyst
Youtube Channel:
https://youtube.com/c/thesignalyst?sub_confirmation=1
Instagram:
https://instagram.com/richthesignalyst
Comments
Impeccable set-up and great analysis. Thank you for that: Always comforting to have a friendly environment when we see our close acquaintance (BTC) being assaulted and bleeding in front of us...
NOTE: Nice to see that everybody loves your videos. I am not the only one...You totally deserve the credit, your videos are the best.
Thank you for your continuous support 👑
Also I want to thank you a lot for your amazing video's I think you are one of the best traders on the market, in terms of teaching others how to trade and what to take care off.
Keep up the amazing work, and I already look forward to your next videos.
Thank you for reminding me, I am afraid I can't attach it now as I left the office and can't do it from the phone. I sent it to you here 😁
For the overall direction, we only need two swings to draw trendlines, only the trigger trendlines have to connect at least three swings.
Thank you so much for your feedback, it means a lot to me 🙌 respect.
I will be posting a video tomorrow then 😎
So I kind of just remembered the connection of the 3 points, but sure, now that you say it, it was always connected to a trigger :D
I dont wanna put you under pressure, post your videos as often as you want, as long you keep the amazing explanaition Style.