BTC - Bearish Short-Term...
Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst.
📉After breaking below the previous low of $68,000 (marked in red), BTC's momentum shifted from bullish to bearish in the short term.
The question is: until when or where?
As long as the bears remain in control, the next major support zone that could hold BTC up is the $63,000 demand zone.
📈Around that demand zone, we will monitor price action and look for bullish setups to confirm a potential reversal.
📚 Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich
📉After breaking below the previous low of $68,000 (marked in red), BTC's momentum shifted from bullish to bearish in the short term.
The question is: until when or where?
As long as the bears remain in control, the next major support zone that could hold BTC up is the $63,000 demand zone.
📈Around that demand zone, we will monitor price action and look for bullish setups to confirm a potential reversal.
📚 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.com/richthesignalyst
Telegram
t.me/thesignalyst
Best CFD broker
cutt.ly/TickmillReal
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