Greetings, TradingView Family! This is Richard, also known as theSignalyst.
After rejecting the 28,000 level, BTC has been bearish this week.
📈For the bulls to remain in control, we need a break above 28,500.
Meanwhile, BTC could still trade lower to test the 25,000 support zone.
📉If the bears manage to break below 25,000, we can expect further long-term bearish movement towards the 20,000 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
After rejecting the 28,000 level, BTC has been bearish this week.
📈For the bulls to remain in control, we need a break above 28,500.
Meanwhile, BTC could still trade lower to test the 25,000 support zone.
📉If the bears manage to break below 25,000, we can expect further long-term bearish movement towards the 20,000 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
Best CFD broker
cutt.ly/TickmillReal
www.RichTL.com
My Telegram Channel
www.t.me/thesignalyst
Best CFD broker
cutt.ly/TickmillReal