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
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
Trading Made Simple; and Rule-Based
RichTL.com
Instagram:
instagram.com/richthesignalyst
Telegram:
t.me/thesignalyst
Best CFD broker
cutt.ly/TickmillReal
RichTL.com
Instagram:
instagram.com/richthesignalyst
Telegram:
t.me/thesignalyst
Best CFD broker
cutt.ly/TickmillReal
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