Hello TradingView Family / Fellow Traders. This is Richard, as known as theSignalyst.
on Daily: right chart
BTC is currently sitting in the middle of nowhere! between our 21,000 support and 25,000 resistance.
Sometimes, no action at all, is also an action. 🧘♂️
No Trade, Is Also A Trade!
Especially that the weekend is approaching, is it fishing time?
on H4: left chart
BTC is stuck inside a range again.
🏹 For the bulls to take over, for one more impulse till the 25k resistance zone, we need a break above the red high.
⚔️ For the bears to take over, for a correction till the 21k support zone, we need a break below the orange low.
Which scenario do you think is more likely to happen? and why?
📚 Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich
on Daily: right chart
BTC is currently sitting in the middle of nowhere! between our 21,000 support and 25,000 resistance.
Sometimes, no action at all, is also an action. 🧘♂️
No Trade, Is Also A Trade!
Especially that the weekend is approaching, is it fishing time?
on H4: left chart
BTC is stuck inside a range again.
🏹 For the bulls to take over, for one more impulse till the 25k resistance zone, we need a break above the red high.
⚔️ For the bears to take over, for a correction till the 21k support zone, we need a break below the orange low.
Which scenario do you think is more likely to happen? and why?
📚 Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich
This analysis is done using RichTL
www.RichTL.com
My Telegram Channel
www.t.me/thesignalyst
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www.RichTL.com
My Telegram Channel
www.t.me/thesignalyst
Support Bright Ideas Through Decentralised Crowdfunding
ideaology.io
Buy CRGPT on Uniswap
cutt.ly/CRGPT