Hello TradingView Family / Fellow Traders,
📦 After rejecting the $70,000 - $72,000 resistance zone, BTC has been hovering within a narrow range during a correction phase.
📈 For this impulse phase from $20,000 to persist and push towards the next resistance at $80,000, a break above the $72,000 mark is needed.
📉 In parallel, if the $60,000 support is broken downward, we expect an over-extended bearish correction towards the $50,000 - $52,000 support zone.
Which scenario is more likely to happen first, and why?
📚 Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly!
~Richard Nasr
📦 After rejecting the $70,000 - $72,000 resistance zone, BTC has been hovering within a narrow range during a correction phase.
📈 For this impulse phase from $20,000 to persist and push towards the next resistance at $80,000, a break above the $72,000 mark is needed.
📉 In parallel, if the $60,000 support is broken downward, we expect an over-extended bearish correction towards the $50,000 - $52,000 support zone.
Which scenario is more likely to happen first, and why?
📚 Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly!
~Richard Nasr
📊I help you turn charts into a career
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theSignalyst.com
Telegram
t.me/thesignalyst
Trusted Crypto Exchange
cutt.ly/qtwKuPaJ
Trusted CFD Broker
cutt.ly/TickmillReal
Trusted Crypto Prop Firm
cutt.ly/Hyrotrader
כתב ויתור
המידע והפרסומים אינם מיועדים להיות, ואינם מהווים, ייעוץ או המלצה פיננסית, השקעתית, מסחרית או מכל סוג אחר המסופקת או מאושרת על ידי TradingView. קרא עוד ב־תנאי השימוש.
📊I help you turn charts into a career
theSignalyst.com
Telegram
t.me/thesignalyst
Trusted Crypto Exchange
cutt.ly/qtwKuPaJ
Trusted CFD Broker
cutt.ly/TickmillReal
Trusted Crypto Prop Firm
cutt.ly/Hyrotrader
theSignalyst.com
Telegram
t.me/thesignalyst
Trusted Crypto Exchange
cutt.ly/qtwKuPaJ
Trusted CFD Broker
cutt.ly/TickmillReal
Trusted Crypto Prop Firm
cutt.ly/Hyrotrader
כתב ויתור
המידע והפרסומים אינם מיועדים להיות, ואינם מהווים, ייעוץ או המלצה פיננסית, השקעתית, מסחרית או מכל סוג אחר המסופקת או מאושרת על ידי TradingView. קרא עוד ב־תנאי השימוש.