Structure broken! How much can BTC go?
Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst.
📉 After breaking the minor low marked in red at $95,000, the bears have already taken over in the short term.
However, BTC will remain bullish in the medium term as long as the last major low in blue at $85,000 holds.
Thus, as BTC approaches the $85,000 zone, I will be looking for bullish reversal setups to form at the rejection.
If and only if $85,000 is broken downward, a bigger bearish correction towards the $75,000 demand zone would be expected.
Which scenario do you think is more likely to happen and why?
đź“š Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich
📉 After breaking the minor low marked in red at $95,000, the bears have already taken over in the short term.
However, BTC will remain bullish in the medium term as long as the last major low in blue at $85,000 holds.
Thus, as BTC approaches the $85,000 zone, I will be looking for bullish reversal setups to form at the rejection.
If and only if $85,000 is broken downward, a bigger bearish correction towards the $75,000 demand zone would be expected.
Which scenario do you think is more likely to happen and why?
đź“š Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich
Trading Made Simple; and Rule-Based
RichTL.com
Instagram
instagram.com/richthesignalyst
Telegram
t.me/thesignalyst
Best CFD broker
cutt.ly/TickmillReal
Get Funded up to $200,000 (Crypto)
cutt.ly/PropW
RichTL.com
instagram.com/richthesignalyst
Telegram
t.me/thesignalyst
Best CFD broker
cutt.ly/TickmillReal
Get Funded up to $200,000 (Crypto)
cutt.ly/PropW
Trading Made Simple; and Rule-Based
RichTL.com
Instagram
instagram.com/richthesignalyst
Telegram
t.me/thesignalyst
Best CFD broker
cutt.ly/TickmillReal
Get Funded up to $200,000 (Crypto)
cutt.ly/PropW
RichTL.com
instagram.com/richthesignalyst
Telegram
t.me/thesignalyst
Best CFD broker
cutt.ly/TickmillReal
Get Funded up to $200,000 (Crypto)
cutt.ly/PropW
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