Hello TradingView Family / Fellow Traders. This is Richard, as known as theSignalyst.
on Daily: right chart
BTC is currently sitting in the middle of nowhere! between our 21,000 support and 25,000 resistance.
Sometimes, no action at all, is also an action. đ§ââïž
No Trade, Is Also A Trade!
Especially that the weekend is approaching, is it fishing time?
on H4: left chart
BTC is stuck inside a range again.
đč For the bulls to take over, for one more impulse till the 25k resistance zone, we need a break above the red high.
âïž For the bears to take over, for a correction till the 21k support zone, we need a break below the orange low.
Which scenario do you think is more likely to happen? and why?
đ Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich
on Daily: right chart
BTC is currently sitting in the middle of nowhere! between our 21,000 support and 25,000 resistance.
Sometimes, no action at all, is also an action. đ§ââïž
No Trade, Is Also A Trade!
Especially that the weekend is approaching, is it fishing time?
on H4: left chart
BTC is stuck inside a range again.
đč For the bulls to take over, for one more impulse till the 25k resistance zone, we need a break above the red high.
âïž For the bears to take over, for a correction till the 21k support zone, we need a break below the orange low.
Which scenario do you think is more likely to happen? and why?
đ Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich
This analysis is done using RichTL
www.RichTL.com
My Telegram Channel
www.t.me/thesignalyst
Buy CRGPT on Uniswap
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www.RichTL.com
My Telegram Channel
www.t.me/thesignalyst
Buy CRGPT on Uniswap
cutt.ly/CRGPT