BTC - Critical Zone ❗️

١٣ مايو ٢٠٢٣

Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst.

As per my last analysis (attached on the chart), we have been waiting for the bulls to approach the green major low to look for buy setups.

BTC is now sitting around that green area and since the daily candle hasn't closed below it, we will be looking for buy setups.

🏹 For the bulls to take over, we need a break above the red channel and last minor high in gray.

📈 Meanwhile, until the bulls take over, the bears will remain in control, especially if we break below the green zone. Then a movement till the 25,000 support zone as mentioned on my last week's BTC analysis

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

📚 Always follow your trading plan regarding entry, risk management, and trade management.

Good luck!

All Strategies Are Good; If Managed Properly!
~Rich