Bitcoin in 1 Minute - Day 24 - Picture!

Hello TradingView Family / Fellow Traders. This is Richard, as known as theSignalyst.

24 out of 500 days done.

First, I want to apologize as I couldn't make a video today.

But here is a quick update:

As mentioned yesterday, we are around the upper bound (red zone and upper brown trendline) so we are expecting the bears to take over.

The confirmation that the bears took over was after breaking below the highlighted low in gray.

For now, we will be overall bearish as long as we are trading inside the orange channel.

The next possible support would be around the lower orange trendline / blue trendline and 20k (purple circle zone)

If broken downward, then a movement till the lower bound (red zone) would be expected.

For your reference:

You can check yesterday's video here:

And my view from a long-term perspective here:

Always follow your trading plan regarding entry, risk management, and trade management.

Good Luck!.

All Strategies Are Good; If Managed Properly!
~Rich