Hello TradingView Family / Fellow Traders,
ðĶ Post-halving, BTC has been hovering within a big range between $60,000 support and $70,000 resistance.
ð For the bulls to take full control again, and test the $82,000 and upper bound of the red channel, a break above the $72,000 resistance is needed.
ð In parallel, if the $60,000 support is broken downward, we expect a bearish movement towards the $52,000 demand zone.
Which scenario is more likely to happen first? and why?
ð Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly!
~Richard Nasr
ðĶ Post-halving, BTC has been hovering within a big range between $60,000 support and $70,000 resistance.
ð For the bulls to take full control again, and test the $82,000 and upper bound of the red channel, a break above the $72,000 resistance is needed.
ð In parallel, if the $60,000 support is broken downward, we expect a bearish movement towards the $52,000 demand zone.
Which scenario is more likely to happen first? and why?
ð Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly!
~Richard Nasr
Trading Made Simple; and Rule-Based
www.RichTL.com
Instagram:
www.instagram.com/richthesignalyst
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www.t.me/thesignalyst
Best CFD broker
cutt.ly/TickmillReal
www.RichTL.com
Instagram:
www.instagram.com/richthesignalyst
Telegram:
www.t.me/thesignalyst
Best CFD broker
cutt.ly/TickmillReal