Search
Products
Community
Markets
News
Brokers
More
EN
Get started
Community
/
Ideas
/
BTC - Still Bullish - For Now! ⏰
Bitcoin / Tether US
BTC - Still Bullish - For Now! ⏰
By TheSignalyst
Follow
Follow
Mar 21, 2023
1
3
1
Cheer
Cheer
16
16
Mar 21, 2023
Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst.
🗒 After rejection the 20,000 round number, BTC broke above the last major high in gray, and have been bullish since then.
We will remain bullish
as long as
BTC doesn't break a previous major low.
The current last major low is highlighted in gray around 26,700
📌
If we break below 26,700
expect a bearish correction to start till around 25,000 support.
🏹
Meanwhile, we are still bullish
and the bulls would take full control again by breaking above the current minor high in gray around 28,500
In this case, a movement till the 30,000 weekly supply zone is expected.
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
analysis
Bitcoin (Cryptocurrency)
blockchain
BTC
Chart Patterns
crypto
longterm
marketstructure
priceaction
tradingview
Trend Analysis
Wave Analysis
TheSignalyst
Follow
Follow
Trading Made Simple; and Rule-Based
RichTL.com
Instagram:
instagram.com/richthesignalyst
Telegram:
t.me/thesignalyst
Best CFD broker
cutt.ly/TickmillReal
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
.