Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst.
📌on H4: Left Chart
As per my last analysis, we know that BTC has been sitting around the upper bound of the gray range.
Yesterday, BTC rejected the upper gray zone and now trading lower. Hence, as we approach the lower gray zone / green trendline, we will be looking for short-term buy setups.
UNLESS the zone is broken downward, then a bigger bearish correction would be expected till 25,000
📌on M30: Right Chart
The bears took over already short-term by breaking below our last low in red.
Now we are bearish trading inside the falling red channel and expecting a movement till the lower gray zone of the range.
Which scenario do you think is more likely to happen first? and why?
📚 Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich
📌on H4: Left Chart
As per my last analysis, we know that BTC has been sitting around the upper bound of the gray range.
Yesterday, BTC rejected the upper gray zone and now trading lower. Hence, as we approach the lower gray zone / green trendline, we will be looking for short-term buy setups.
UNLESS the zone is broken downward, then a bigger bearish correction would be expected till 25,000
📌on M30: Right Chart
The bears took over already short-term by breaking below our last low in red.
Now we are bearish trading inside the falling red channel and expecting a movement till the lower gray zone of the range.
Which scenario do you think is more likely to happen first? and why?
📚 Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich