BTC Make or Break Zone ❗️ Analysis #26/50
Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst.
BTC is still struggling around the 25,000 resistance zone.
Here is what I am waiting for:
📈 on DAILY: Left Chart
For the bulls to remain in control / take over long-term, we need a Daily Candle Close above 25,000
📉 on H1: Right Chart
Meanwhile, the 25,000 is still acting as a resistance zone.
If we break below 24,000 then the bears will take over to start a correction till around 22,400
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
BTC is still struggling around the 25,000 resistance zone.
Here is what I am waiting for:
📈 on DAILY: Left Chart
For the bulls to remain in control / take over long-term, we need a Daily Candle Close above 25,000
📉 on H1: Right Chart
Meanwhile, the 25,000 is still acting as a resistance zone.
If we break below 24,000 then the bears will take over to start a correction till around 22,400
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
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:
instagram.com/richthesignalyst
Telegram:
t.me/thesignalyst
Best CFD broker
cutt.ly/TickmillReal
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.