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BTC Make or Break Zone ❗️ Analysis #26/50
Bitcoin / Tether US
BTC Make or Break Zone ❗️ Analysis #26/50
By TheSignalyst
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Mar 15, 2023
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Mar 15, 2023
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:
📈
on DAILY:
Left Chart
For the bulls to remain in control / take over long-term, we need a Daily Candle Close above 25,000
📉
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?
📚
Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich
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