Greetings, TradingView Family! This is Richard, also known as theSignalyst.
🏹 From a macro perspective, as per my analysis from yesterday, it's evident that BTC is approaching a significant weekly support zone:
Additionally, as I mentioned last week, BTC appears to be nearing the end of its correction phase:
📌 To signal a bullish momentum shift in the short-term, we should look for a decisive break above the last minor high marked in orange, which is approximately around 26,330.
Furthermore, to establish medium-term bullish control, it's crucial for BTC to surpass the 26,800 level.
📉 Meanwhile, BTC would be overall bearish and can still trade lower to test the 25,000 support, especially if the last orange range is broken downward.
📚 Always remember to follow your trading plan when it comes to entry, risk management, and trade management.
Good luck!
Remember, all strategies are good if managed properly!
~Rich
🏹 From a macro perspective, as per my analysis from yesterday, it's evident that BTC is approaching a significant weekly support zone:
Additionally, as I mentioned last week, BTC appears to be nearing the end of its correction phase:
📌 To signal a bullish momentum shift in the short-term, we should look for a decisive break above the last minor high marked in orange, which is approximately around 26,330.
Furthermore, to establish medium-term bullish control, it's crucial for BTC to surpass the 26,800 level.
📉 Meanwhile, BTC would be overall bearish and can still trade lower to test the 25,000 support, especially if the last orange range is broken downward.
📚 Always remember to follow your trading plan when it comes to entry, risk management, and trade management.
Good luck!
Remember, all strategies are good if managed properly!
~Rich
This analysis is done using RichTL
www.RichTL.com
My Telegram Channel
www.t.me/thesignalyst
Buy CRGPT on Uniswap
cutt.ly/CRGPT
www.RichTL.com
My Telegram Channel
www.t.me/thesignalyst
Buy CRGPT on Uniswap
cutt.ly/CRGPT