TheSignalyst

BTC Make or Break Zone ❗️ Analysis #26/50

WHITEBIT:BTCUSDT   Bitcoin / Tether US
Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst.

BTC is still struggling around the 25,000 resistance zone.

Here is what I am waiting for:

πŸ“ˆ on DAILY: Left Chart
For the bulls to remain in control / take over long-term, we need a Daily Candle Close above 25,000

πŸ“‰ on H1: Right Chart
Meanwhile, the 25,000 is still acting as a resistance zone.

If we break below 24,000 then the bears will take over to start a correction till around 22,400

Which scenario do you think is more likely to happen? and why?

πŸ“š Always 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

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