Greetings, TradingView Family! This is Richard, also known as theSignalyst.
BTC is still bearish trading inside a falling wedge pattern and lately it has been stuck inside a narrow range.
📈For the bulls take over again short-term, it's crucial for BTC to surpass the last high in gray around 26,500 and upper red trendline.
📉 Meanwhile, BTC would be bearish, and if it breaks below 26,000 we will expect further bearish movement till the 25,000 - 25,250 support and demand zone.
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 still bearish trading inside a falling wedge pattern and lately it has been stuck inside a narrow range.
📈For the bulls take over again short-term, it's crucial for BTC to surpass the last high in gray around 26,500 and upper red trendline.
📉 Meanwhile, BTC would be bearish, and if it breaks below 26,000 we will expect further bearish movement till the 25,000 - 25,250 support and demand zone.
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
This analysis is done using RichTL
www.RichTL.com
My Telegram Channel
www.t.me/thesignalyst
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www.RichTL.com
My Telegram Channel
www.t.me/thesignalyst
Best CFD broker
cutt.ly/TickmillReal