BTC - Bulls Are Strong Again 💪

٣٠ أغسطس ٢٠٢٣

Greetings, TradingView Family! This is Richard, also known as theSignalyst.

As per my analysis from yesterday, we were anticipating that the bulls would take control by breaking above two key levels, specifically 26,330 and 26,800.

📌 Today, BTC encountered resistance at the 28,000 supply zone. Now What?

📈To maintain a bullish outlook, it's crucial for BTC to surpass the 28,000 level. If this occurs, we can expect further upward momentum toward 29,000 and 30,000.

📉 Conversely, if BTC breaches the recent low marked in blue to the downside, we should anticipate a more significant correction towards the previous high at 26,750.

Now, which scenario seems more likely to unfold next, 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