BTC - Make or Break Zone

22 Jun 2023

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

As per my last BTC analysis (attached on the chart), BTC rejected our Trio Retest zone and traded higher.

Now What?

BTC is sitting around a strong resistance / supply zone from Weekly timeframe / 31,000 - 32,000

🏹 For the bulls to remain in control, take over from a MACRO perspective, we need a Weekly Candle Close above the 32,000

📉 Meanwhile, the bears can take over for a correction if we break below 29,500

📚 Hope you find this post useful. It's important to always adhere to your trading plan, including entry points, risk management strategies, and trade management techniques.

All Strategies Are Good; If Managed Properly!
~Richard

Disclaimer: The information provided is for educational and informational purposes only and should not be considered as financial advice. It is important to do your own research and make informed decisions before entering any trades. Past performance is not indicative of future results. Always be aware of the potential for losses, and never risk more than you can afford to lose.