Hello TradingView Family / Fellow Traders. This is Richard, as known as theSignalyst.
As per my last analysis, we were waiting for a break either upward or downward of the range.
BTC broke the range upward, NOW WHAT?
We are currently in a short-term correction phase in the shape of a flag, retesting the upper bound of the gray range.
If we have a break above the flag (in red) then a continuation would be more probable, and as a projection of the first leg (in blue) we will be expecting a movement till the 28k - 30k resistance zone.
unless we break below the last major low from H4 (marked in orange), in this case an over-extended correction would be expected till the 20k zone again.
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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