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:
π on DAILY: Left Chart
For the bulls to remain in control / take over long-term, we need a Daily Candle Close above 25,000
π 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?
π 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:
π on DAILY: Left Chart
For the bulls to remain in control / take over long-term, we need a Daily Candle Close above 25,000
π 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?
π 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
Buy CRGPT on Uniswap
cutt.ly/CRGPT
www.RichTL.com
My Telegram Channel
www.t.me/thesignalyst
Buy CRGPT on Uniswap
cutt.ly/CRGPT