Greetings, TradingView Family! This is Richard, also known as theSignalyst.
BTC is currently hovering around a strong resistance zone and round number 28,000.
📈For the bulls to remain in control, we need a break above 28,500.
In this case, a bullish continuation till the 30,000 - 32,000 weekly resistance would be expected.
📉 Meanwhile, the bears can still kick in short-term and push lower till the lower bound of the red rising broadening wedge pattern.
However, the bulls would remain in control medium-term as long as the lower red trendline holds.
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
BTC is currently hovering around a strong resistance zone and round number 28,000.
📈For the bulls to remain in control, we need a break above 28,500.
In this case, a bullish continuation till the 30,000 - 32,000 weekly resistance would be expected.
📉 Meanwhile, the bears can still kick in short-term and push lower till the lower bound of the red rising broadening wedge pattern.
However, the bulls would remain in control medium-term as long as the lower red trendline holds.
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
Trade Made Simple
RichTL.com
Instagram:
instagram.com/richthesignalyst
Telegram
t.me/thesignalyst
Best CFD broker - Tickmill
cutt.ly/TickmillReal
CFD Broker - TradeNation
cutt.ly/GrTivmRC
RichTL.com
Instagram:
instagram.com/richthesignalyst
Telegram
t.me/thesignalyst
Best CFD broker - Tickmill
cutt.ly/TickmillReal
CFD Broker - TradeNation
cutt.ly/GrTivmRC
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.
Trade Made Simple
RichTL.com
Instagram:
instagram.com/richthesignalyst
Telegram
t.me/thesignalyst
Best CFD broker - Tickmill
cutt.ly/TickmillReal
CFD Broker - TradeNation
cutt.ly/GrTivmRC
RichTL.com
Instagram:
instagram.com/richthesignalyst
Telegram
t.me/thesignalyst
Best CFD broker - Tickmill
cutt.ly/TickmillReal
CFD Broker - TradeNation
cutt.ly/GrTivmRC
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.