📉 From a long-term perspective, BTC comprehensive Trade in our green channel.
In addition, the green zone (10k – 12k) is a support facing resistance.
We are in the correction stage, but the question is for how long / where? ⏱
Let’s compare this patch with the previous two patches:
-1- The previous correction was about -86%
-86% for the current correction in line with the green trend line and(10K – 12K).
2- At the end of each previous correction,Changed from dark red to bright red.
To be exact, after 3 consecutive bottoms above bright redRods, we tend to reflect, confirmed break through the above .
If we follow the same logic for this correction, we are still waiting for a third higher red column. Will it be next month?
🗒 Meanwhile, we’ll beAnd our main rejection will be about green .
Of course, before we buy, we will need to zoom in on the lower time frames and wait for the bulls to take over by breaking above the recent major weekly/daily high.
Always follow your own trading plan in terms of entry, risk management and trade management.
Good luck and God bless you!
All strategies are good. If managed properly!