Hello TradingView Family / Fellow Traders. This is Richard, as known as theSignalyst.
As per my last video analysis, we know that the bears took over after breaking the red zone.
For now, BTC is trading inside the falling broadening wedge in orange.
For the bulls to take over short-term, to start a bullish correction, we need a break above the orange high.
ðđ For the bulls to take over again medium-term, we need a break above the upper orange trendline and red zone.
Meanwhile, until the bulls take over, BTC would be bearish and can still trade lower inside the green demand zone or even break it downward.
ðAlways follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich
As per my last video analysis, we know that the bears took over after breaking the red zone.
For now, BTC is trading inside the falling broadening wedge in orange.
For the bulls to take over short-term, to start a bullish correction, we need a break above the orange high.
ðđ For the bulls to take over again medium-term, we need a break above the upper orange trendline and red zone.
Meanwhile, until the bulls take over, BTC would be bearish and can still trade lower inside the green demand zone or even break it downward.
ðAlways follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich
This analysis is done using RichTL
www.RichTL.com
My Telegram Channel
www.t.me/thesignalyst
Best CFD broker
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www.RichTL.com
My Telegram Channel
www.t.me/thesignalyst
Best CFD broker
cutt.ly/TickmillReal