BTC - Boring Month⁉️
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
Trading Made Simple; and Rule-Based
RichTL.com
Instagram:
instagram.com/richthesignalyst
Telegram:
t.me/thesignalyst
Best CFD broker
cutt.ly/TickmillReal
RichTL.com
Instagram:
instagram.com/richthesignalyst
Telegram:
t.me/thesignalyst
Best CFD broker
cutt.ly/TickmillReal
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