Hello TradingView Family / Fellow Traders,
As per my last analysis, BTC rejected the lower bound of the symmetrical triangle and traded higher.
Now, what?
📈 BTC broke above the 45,000 resistance zone; thus, we expect a movement toward the 48k-50k resistance zone.
📉 The bulls will remain in control as long as the 44,500 support holds.
If 44,500 is broken downward, we will expect another bearish correction until the lower orange trendline is reached again.
📚 Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly!
~Richard Nasr
As per my last analysis, BTC rejected the lower bound of the symmetrical triangle and traded higher.
Now, what?
📈 BTC broke above the 45,000 resistance zone; thus, we expect a movement toward the 48k-50k resistance zone.
📉 The bulls will remain in control as long as the 44,500 support holds.
If 44,500 is broken downward, we will expect another bearish correction until the lower orange trendline is reached again.
📚 Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly!
~Richard Nasr
Yesterday BTC rejected the lower orange trendline as anticipated.