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