Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst.
In accordance with my previous BTC analysis, BTC is currently hovering inside a massive weekly resistance zone 48k - 50k.
📈 The bulls will remain in control, unless the last low marked in red at 47,500 is broken downward.
📉 In such a scenario, the bearish correction would start leading to a movement till the lower red trendline and demand zone at 45,500.
📚 Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich
In accordance with my previous BTC analysis, BTC is currently hovering inside a massive weekly resistance zone 48k - 50k.
📈 The bulls will remain in control, unless the last low marked in red at 47,500 is broken downward.
📉 In such a scenario, the bearish correction would start leading to a movement till the lower red trendline and demand zone at 45,500.
📚 Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich