Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst.
BTC has been boring this past week hovering inside a narrow range.
📈 For the bulls to take over, we need a break above the 44,300 structure marked in blue.
In this case, a movement till the 48k - 50k would be expected.
📉 In parallel, if the last major low at 41,850 marked in blue is broken downward, we will expecting further bearish movement till the 38,000 support.
For now, we wait ⏱
Which scenario do you think is more likely to happen? and why?.
📚 Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich
BTC has been boring this past week hovering inside a narrow range.
📈 For the bulls to take over, we need a break above the 44,300 structure marked in blue.
In this case, a movement till the 48k - 50k would be expected.
📉 In parallel, if the last major low at 41,850 marked in blue is broken downward, we will expecting further bearish movement till the 38,000 support.
For now, we wait ⏱
Which scenario do you think is more likely to happen? and why?.
📚 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
Best CFD broker
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www.RichTL.com
My Telegram Channel
www.t.me/thesignalyst
Best CFD broker
cutt.ly/TickmillReal