Greetings, TradingView Family! This is Richard, also known as theSignalyst.
Based on my last analysis, BTC rejected the red supply zone and traded lower.
Currently, BTC is trading inside a falling wedge pattern and approaching the lower red trendline and 26,000 support.
📈For the bulls take over again short-term, it's crucial for BTC to surpass the last high in gray and upper red trendline.
📉 Meanwhile, BTC would be bearish, and if it breaks below 26,000 we will expect further bearish movement till the 25,000 support and demand zone.
Which scenario do you think is more likely to happen? and why?
📚 Always remember to follow your trading plan when it comes to entry, risk management, and trade management.
Good luck!
Remember, all strategies are good if managed properly!
~Rich
Based on my last analysis, BTC rejected the red supply zone and traded lower.
Currently, BTC is trading inside a falling wedge pattern and approaching the lower red trendline and 26,000 support.
📈For the bulls take over again short-term, it's crucial for BTC to surpass the last high in gray and upper red trendline.
📉 Meanwhile, BTC would be bearish, and if it breaks below 26,000 we will expect further bearish movement till the 25,000 support and demand zone.
Which scenario do you think is more likely to happen? and why?
📚 Always remember to follow your trading plan when it comes to entry, risk management, and trade management.
Good luck!
Remember, 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