BTC - Levels To Watch 👀Greetings, TradingView Family! This is Richard, also known as theSignalyst.
After rejecting the 28,000 level , BTC has been bearish this week.
📈 For the bulls to remain in control, we need a break above 28,500.
Meanwhile, BTC could still trade lower to test the 25,000 support zone.
📉 If the bears manage to break below 25,000 , we can expect further long-term bearish movement towards the 20,000 demand zone.
Which scenario do you think is more likely to happen? and why?
📚 Always remember to follow your trading plan when it comes to entry, risk management, and trade management.
Good luck!
Remember, all strategies are good if managed properly!
~Rich
25000
BTC - Video Top-Down Analysis 📹Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst.
Here is a detailed update top-down analysis for Bitcoin.
Which scenario do you think is more likely to happen? and Why?
Always follow your trading plan regarding entry, risk management, and trade management.
Good Luck!.
All Strategies Are Good; If Managed Properly!
~Rich
Correction Drop to 25k followed by a Bullish SurgeBTCUSDT may see a brief dip to the 25K support level before potentially surging towards 49K. The bullish move is still active on the weekly chart (from a previous post I've did).
So I don't think it will go below the 25K level, since the bullish power is still strong. This is for me a correction before a realy move to the top
The 25000-25800 range can be an ideal zone for a BUY.
BTC - Detailed Top-Down Analysis 🔎Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst.
Here is a detailed update top-down analysis for BTC .
Which scenario do you think is more likely to happen? and Why?
Always follow your trading plan regarding entry, risk management, and trade management.
Good Luck!.
All Strategies Are Good; If Managed Properly!
~Rich
BTC - Correction Started! Till When/Where? 🛬Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst.
As per my last analysis (attached on the chart), we know that BTC has been sitting around a strong resistance/supply zone. And we were waiting for the bears to kick in by breaking below the previous low.
📉 The bears took over by breaking below the H1 head and shoulders neckline and lower trendline from H4.
Now What?
BTC is currently retesting the previous major Daily low in green, if broken downward, expect further bearish movement till the 24k-25k support zone.
🏹 The bears will remain in control short-term UNTIL the bulls kick in by breaking above the last high (around 28,000)
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
BTC Make or Break Zone ❗️ Analysis #26/50Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst.
BTC is still struggling around the 25,000 resistance zone.
Here is what I am waiting for:
📈 on DAILY: Left Chart
For the bulls to remain in control / take over long-term, we need a Daily Candle Close above 25,000
📉 on H1: Right Chart
Meanwhile, the 25,000 is still acting as a resistance zone.
If we break below 24,000 then the bears will take over to start a correction till around 22,400
Which scenario do you think is more likely to happen? and why?
📚 Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich
BTC Detailed Top-Down Analysis - Day 140Hello TradingView Family / Fellow Traders. This is Richard Nasr, also known as theSignalyst.
I truly appreciate your continuous support everyone!
Let me know if you like the series, and if you would like me to change or add anything.
Always follow your trading plan regarding entry, risk management, and trade management.
Good Luck!.
All Strategies Are Good; If Managed Properly!
~Rich
BTC - Wait For The Bulls! ⏰Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst.
As per my last analysis, we know that the correction already started by breaking below the gray H4 low.
As per my trading plan, here are the two possible scenario where I will consider adding more longs to BTC:
📌Scenario 1: Short-Term
In the case of a Deep Bearish Correction, as BTC approaches the lower green demand zone and red trendline, I will be looking for buy setups on lower timeframes (like a broken structure, classic pattern, trendline break...)
This would be a short-term buy targeting the 25,000 resistance zone again.
📌 Scenario 2: Long-term
In this case, for the bulls to remain in control from a long-term perspective, we need a momentum break above 25,300
Which scenario do you think is more likely to happen? and why?
📚 Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich
BTC - Correction Started!Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst.
As per my last analysis, we were waiting for the bulls to take over by breaking above the blue highs or the correction to start by breaking below the gray zone.
Since we now have the break below the last H4 low in gray, the correction started.
🏹 In this case, as mentioned, we will be waiting for BTC to approach the green demand zone to look for new buy setups .
Unless, the bulls regain control aggressively by breaking back above 25,000
📚 Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich
BTC - Bulls Still In Control!Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst.
BTC has been stuck inside a range around the 25,000 resistance.
🏹 For the bulls to remain in control , we need an H4 candle close above 25,400
In this case, further bullish movement would be expected till around the 30,000 resistance zone.
Meanwhile, if we break below the last H4 low in gray, then we will be expecting a bearish correction.
In this case, as BTC approaches the 22,500 demand zone, we will be looking for new short-term buy setups as we did previously.
📚 Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich
BTC - Breaking Above The Resistance! 🏹Hello TradingView Family / Fellow Traders. This is Richard, as known as theSignalyst.
🏹 BTC is breaking above the second resistance in a row. If this Daily candle closes above the 22,000 it would confirm a trend continuation to the upside.
⚔️ 22,500 would be the next minor resistance that BTC needs to break to be able to reach the 25,000 resistance.
As mentioned, in my previous analysis, BTC is and would remain bullish as long as it doesn't break below the last major low (in gray) which would be breaking back below the its support zone.
📚 Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich
Technical analysis of bitcoin chartsIn my opinion, as I explained in the previous post, this bitcoin chart chart will continue until almost the end of July, and we will have to wait and see what happens next.
I think there are two events ahead of Bitcoin in late July
$ 25,000 Bitcoin Or $ 45,000 Bitcoin
Two Apexes are in front of BTC; 25000 and 110000 feetLooking to the Diagram I see there are two Apexes. The 1st one 25.000 feet is not far reach and will be received in short time. The second one 110.000 feet is far away although BTC has the capacity for Conquering the top of the mountain. What do you think guys?