Hello TradingView Family / Fellow Traders,
As per our previous analysis (attached on the chart), BTC started the correction phase after breaking below $70,000.
What's next?
📉Scenario 1:
As we approach the $60,000 support zone, we will be looking for new buy setups to catch the next upward impulse movement.
📈Scenario 2:
For the bulls to regain control from a long-term perspective, a break above $70,000 is needed.
Which scenario do you think 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
As per our previous analysis (attached on the chart), BTC started the correction phase after breaking below $70,000.
What's next?
📉Scenario 1:
As we approach the $60,000 support zone, we will be looking for new buy setups to catch the next upward impulse movement.
📈Scenario 2:
For the bulls to regain control from a long-term perspective, a break above $70,000 is needed.
Which scenario do you think 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.