Hello TradingView Family / Fellow Traders,
BTC has been hovering within a big range between $60,000 support and $70,000 resistance.
Scenarios:
1️⃣ Bullish
For the bulls to take full control again, a break above the $72,000 mark is needed.
In this case, a movement towards the $80,000 resistance would be expected.
2️⃣ Bearish
In parallel, if the $60,000 support is broken downward, we expect a bearish movement towards the $50,000 demand 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
BTC has been hovering within a big range between $60,000 support and $70,000 resistance.
Scenarios:
1️⃣ Bullish
For the bulls to take full control again, a break above the $72,000 mark is needed.
In this case, a movement towards the $80,000 resistance would be expected.
2️⃣ Bearish
In parallel, if the $60,000 support is broken downward, we expect a bearish movement towards the $50,000 demand 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
Trade Made Simple
RichTL.com
Telegram
t.me/thesignalyst
Best CFD broker - Tickmill
cutt.ly/TickmillReal
Crypto.com Exchange
crypto.com/exch/theSignalyst
RichTL.com
Telegram
t.me/thesignalyst
Best CFD broker - Tickmill
cutt.ly/TickmillReal
Crypto.com Exchange
crypto.com/exch/theSignalyst
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Trade Made Simple
RichTL.com
Telegram
t.me/thesignalyst
Best CFD broker - Tickmill
cutt.ly/TickmillReal
Crypto.com Exchange
crypto.com/exch/theSignalyst
RichTL.com
Telegram
t.me/thesignalyst
Best CFD broker - Tickmill
cutt.ly/TickmillReal
Crypto.com Exchange
crypto.com/exch/theSignalyst
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.