How Far/Long Can BTC Push Higher? 🕝

٢٢ يناير ٢٠٢٣

Hello TradingView Family / Fellow Traders. This is Richard, as known as theSignalyst.

🗒 As per my last educational post, we know that we might be in Pattern 4 => falling correction after a bearish impulse, leading to a bullish reversal.

As mentioned, our confirmation would be a weekly candle close above the last major high in green (22500)

Now since, we broke above it the last high, how far can BTC push higher?

The first / next rejection is now around the previous major high around 25,000 in blue.

If / Once the 25,000 high is broken higher, then a movement till the 30,000 resistance / supply would be expected.

N.B. Always Remember, nothing moves in a straight line, so we might have a correction (as a higher low) along the way.

📉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