BTC - Do You Remember This? Now What?

11 thg 10

Hello TradingView Family / Fellow Traders,

📍Following my last BTC Monthly log view analysis on November 11, 2022, we anticipated the bulls taking control after rejecting the lower green trendline and horizontal support.

Currently BTC is approaching its all-time high!

What's Next?

📈 If the current all-time high (highlighted in red) is surpassed, we anticipate a 254% increase, mirroring the last bull cycle. This aligns with the upper boundary of the green channel and the 200k - 250k round numbers.

⚠️ However, the journey may encounter bumps, leading to sharp correction movements to shake out weak hands.

This bearish scenario, would mean retesting the lower green trendline before surging!

📚 Always follow your trading plan regarding entry, risk management, and trade management.

Good luck!

All Strategies Are Good; If Managed Properly!
~Richard Nasr