Greetings, TradingView Family! This is Richard, also known as theSignalyst.
on Weekly: Left Chart
🏹 From a macro standpoint, Bitcoin has been predominantly bullish, characterized by higher highs and higher lows.
Moreover, BTC is currently positioned around a robust support level at the psychologically significant round number of 25,000.
📌 As long as the support at 25,000 remains intact, there is an expectation that the bulls may regain control at any moment.
As per my trading style:
I will be looking for bullish setups (like a double top pattern, trendline break, and so on...) to confirm the bulls takeover.
📌 However, it's worth noting that BTC still has the possibility of descending, potentially dipping into the range between 24,300 and 25,000, or even breaching this support level to the downside.
on H4: Right Chart
For the bulls to take over medium-term, we need a break above the last high in red at 26,450.
Meanwhile, BTC can still trade lower, dive inside the green support or even break it downward.
📚 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
on Weekly: Left Chart
🏹 From a macro standpoint, Bitcoin has been predominantly bullish, characterized by higher highs and higher lows.
Moreover, BTC is currently positioned around a robust support level at the psychologically significant round number of 25,000.
📌 As long as the support at 25,000 remains intact, there is an expectation that the bulls may regain control at any moment.
As per my trading style:
I will be looking for bullish setups (like a double top pattern, trendline break, and so on...) to confirm the bulls takeover.
📌 However, it's worth noting that BTC still has the possibility of descending, potentially dipping into the range between 24,300 and 25,000, or even breaching this support level to the downside.
on H4: Right Chart
For the bulls to take over medium-term, we need a break above the last high in red at 26,450.
Meanwhile, BTC can still trade lower, dive inside the green support or even break it downward.
📚 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
This analysis is done using RichTL
www.RichTL.com
My Telegram Channel
www.t.me/thesignalyst
Best CFD broker
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www.RichTL.com
My Telegram Channel
www.t.me/thesignalyst
Best CFD broker
cutt.ly/TickmillReal