Hello TradingView Family, this is Richard, and I want to wish you all a Merry Christmas.
Hope you will enjoy this Christmas Theme Idea.
After breaking the 🎄 Christmas Tree neckline downward (30k zone), 🎅Santa Clause has been heading South to grab the 🎁 gifts from the demand zone 10,000 - 12,000 in green.
📉 BTC has been and would be overall bearish as long as it is trading inside the falling green channel.
📈For the bulls to take over from a medium-term perspective, we need a break above the upper green trendline. Then we will be expecting a shift in momentum from bearish to bullish for BTC to start trading inside the rising green channel.
📊For the bulls to take over from a long-term perspective, we need a break above the 30k red zone again.
Which scenario do you think is more probable? why and when?
Always follow your trading plan regarding entry, risk management, and trade management.
And Remember: All Strategies Are Good; If Managed Properly!
Merry Christmas! Thanks for your insightful posts. You have helped many of us through a difficult and trying year. Wish you and yours a prosperous New Year.