BTC - Make or... Break!

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

As per my last analysis, we were waiting for a break either upward or downward of the range.

BTC broke the range upward, NOW WHAT?

We are currently in a short-term correction phase in the shape of a flag, retesting the upper bound of the gray range.

If we have a break above the flag (in red) then a continuation would be more probable, and as a projection of the first leg (in blue) we will be expecting a movement till the 28k - 30k resistance zone.

unless we break below the last major low from H4 (marked in orange), in this case an over-extended correction would be expected till the 20k zone again.

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

Good luck!

All Strategies Are Good; If Managed Properly!
~Rich