Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst.
BTC has been stuck inside a range around the 25,000 resistance.
🏹 For the bulls to remain in control, we need an H4 candle close above 25,400
In this case, further bullish movement would be expected till around the 30,000 resistance zone.
Meanwhile, if we break below the last H4 low in gray, then we will be expecting a bearish correction.
In this case, as BTC approaches the 22,500 demand zone, we will be looking for new short-term buy setups as we did previously.
📚 Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich
BTC has been stuck inside a range around the 25,000 resistance.
🏹 For the bulls to remain in control, we need an H4 candle close above 25,400
In this case, further bullish movement would be expected till around the 30,000 resistance zone.
Meanwhile, if we break below the last H4 low in gray, then we will be expecting a bearish correction.
In this case, as BTC approaches the 22,500 demand zone, we will be looking for new short-term buy setups as we did previously.
📚 Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich
This analysis is done using RichTL
www.RichTL.com
My Telegram Channel
www.t.me/thesignalyst
Best CFD broker
cutt.ly/TickmillReal
www.RichTL.com
My Telegram Channel
www.t.me/thesignalyst
Best CFD broker
cutt.ly/TickmillReal