BTC CORRECTION THEN AN IMPULSE
Hello Traders and everyone, I am Hadi Karaali, Known as SNIPERS_FX
If you like the idea, do not forget to support with a like and follow.
Here is a quick update on BTC📚
👉As we can see price is still overall bullish on BTC trading inside this rising channel, Moreover, price is sitting around a massive resistance zone 48k-50k, lining up with our upper bound of this channel.
SO, WHAT'S NEXT!
👉We are more interested in looking for new bearish correction movement, and as per my trading plan, i will be waiting for a new swing low to be formed on h1 time frame then a break, then a movement lower would be expected.
👉If the happens, then as the price will be approaching our lower rising trendline, lining up with a demand zone, we will be looking for new longs as a trend following buy setups.
If you like this kind of analysis don't forget to like and follow
and as usual follow your trading plan and manage your risk.
Be patient and good luck!
If you like the idea, do not forget to support with a like and follow.
Here is a quick update on BTC📚
👉As we can see price is still overall bullish on BTC trading inside this rising channel, Moreover, price is sitting around a massive resistance zone 48k-50k, lining up with our upper bound of this channel.
SO, WHAT'S NEXT!
👉We are more interested in looking for new bearish correction movement, and as per my trading plan, i will be waiting for a new swing low to be formed on h1 time frame then a break, then a movement lower would be expected.
👉If the happens, then as the price will be approaching our lower rising trendline, lining up with a demand zone, we will be looking for new longs as a trend following buy setups.
If you like this kind of analysis don't forget to like and follow
and as usual follow your trading plan and manage your risk.
Be patient and good luck!
Telegram channel:
t.me/Snipers_F_x
t.me/Snipers_F_x
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