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.com/richthesignalyst
Telegram
t.me/thesignalyst
Best CFD broker
cutt.ly/TickmillReal
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