BTC - Bulls Took Over 📈

8 feb

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

In accordance with my previous BTC analysis, we were awaiting a break above the blue zone or below the red zone to determine the next movement.

📈 This week, the bulls won the battle by breaking above the blue structure at 44,300.

Therefore, we anticipate further bullish movement toward the 48k - 50k resistance zone.

📉 Unless the bears manage to break below the blue zone again, in which case we would expect BTC to return inside the range, resulting in a movement toward 42,000.

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

Good luck!

All Strategies Are Good; If Managed Properly!
~Rich