TheSignalyst

BTC - Ready Steady Shoot 🎯

WHITEBIT:BTCUSDT   Bitcoin / Tether US
Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst.

As per my last analysis, we know that BTC rejected 30,000 resistance and now trading lower for a bearish correction.

Now what?

🏹 Here is why the 25,000 zone marked by red circle is a strong support:
1- Round number => 25,000
2- Classic Resistance Zone Turned Support
3- Lower red trendline acting as a non-horizontal support
4- Lower orange trendline acting as a non-horizontal support
5- Demand zone

πŸ“ˆ As per my trading style:
As BTC approaches the red circle zone, I will be looking for bullish reversal setups (like a double bottom pattern, trendline break , and so on...)

πŸ“š 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
www.RichTL.com

My Telegram Channel
www.t.me/thesignalyst

Tickmill CFD Broker
cutt.ly/TickmillReal

Bingx - Non-KYC Crypto Exchange
www.cutt.ly/Bingx

GoldFX CFD Broker
www.cutt.ly/GoldFX
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.