Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst.
BTC has been stagnant for a while, trading within a short-term bearish range!
But the wait is almost over, as BTC is now approaching the $100,000 mark, which represents the upper boundary of the bearish zone.
📈 Short-Term Bullish: If BTC breaks above the $100,000 level, it is expected to enter a short-term bullish phase, potentially retesting its previous all-time high of $109,000.
However, as long as BTC remains below $100,000, the overall bias will stay bearish.
📚 Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly! ~Rich
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.
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.