BTC - Market Structure 101!
2024-11-06

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

The BTC market structure has been very clean lately, which I find interesting.

 📉Previously,  after breaking below the last major lows (marked in red), BTC dipped.

 📈Similarly,  after breaking above the last major highs (marked in blue), BTC surged.

 🔄If history repeats itself,  and the current last major low marked in red is broken to the downside, we can expect another dip in BTC towards the $69,000 - $70,000 demand zone.

Meanwhile, as long as the current minor low in red holds, BTC would be overall bullish short-term and further upside is expected.

🕝What do you think?

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

Good luck!

All Strategies Are Good; If Managed Properly!
~Rich