TheSignalyst

BTC - Pre-Halving Scenarios πŸ“ˆπŸ“‰

TheSignalyst Updated   
KUCOIN:BTCUSDT   Bitcoin / Tether
Hello TradingView Family / Fellow Traders,

Let's keep it simple!

BTC has been trading within a large range bounded by $60,000 support and $70,000 resistance.

Currently, BTC is hovering around the lower bound of the range at $60,000.

Scenarios:

1️⃣ Bullish

As long as the $60,000 support holds, we expect the bulls to take over and push the price towards the upper bound of the orange channel. (to be confirmed on lower timeframes)

2️⃣ Bearish

If the $60,000 support is broken downward, we expect a bearish movement towards the $50,000 demand zone.

πŸ“š Always follow your trading plan regarding entry, risk management, and trade management.

Good luck!

All Strategies Are Good; If Managed Properly!
~Richard Nasr
Trade active:
The $60,000 support is holding up well.


As long as BTC maintains above $60,000, Scenario 1 remains viable, with an anticipation of further bullish movement toward $72,000.

This analysis is done using RichTL
www.RichTL.com

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