Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst.
As per my last BTC video analysis (attached on the chart) we know that the bulls would take over short-term by breaking above the last minor high in gray.
Yesterday, BTC broke above the high and approaching a minor resistance in red. Now What?
🏹 For the bulls to remain in control, we need a break above the red zone 29250, in this case we will be expecting further bullish movement till the 31,000 resistance zone.
The bears will take over short-term again, if we break below the last minor low (currently around 28250)
Which scenario do you think is more likely to happen next? and why?
📚 Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich
As per my last BTC video analysis (attached on the chart) we know that the bulls would take over short-term by breaking above the last minor high in gray.
Yesterday, BTC broke above the high and approaching a minor resistance in red. Now What?
🏹 For the bulls to remain in control, we need a break above the red zone 29250, in this case we will be expecting further bullish movement till the 31,000 resistance zone.
The bears will take over short-term again, if we break below the last minor low (currently around 28250)
Which scenario do you think is more likely to happen next? and why?
📚 Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich