BTC - Long-Term View!
Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst.
📈 BTC has been stuck in a descending channel, ranging between 50k and 70k.
As it approaches the 50k zone, we will be looking for medium-term long positions.
🏹 For a long-term trade targeting the 80k resistance, a break above the upper red trendline is required.
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!
~Rich
📈 BTC has been stuck in a descending channel, ranging between 50k and 70k.
As it approaches the 50k zone, we will be looking for medium-term long positions.
🏹 For a long-term trade targeting the 80k resistance, a break above the upper red trendline is required.
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!
~Rich
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
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.