Hello TradingView Family / Fellow Traders. This is Richard, as known as theSignalyst.
For this post, I tried to make it as clean as possible. So I removed all my support and resistance and other drawings.
BTC rejected the lower bound / blue trendline and traded higher, and now approaching a critical zone highlighted in green.
This green zone has been holding for a while, acting as strong support and resistance.
For now, the green zone is acting as a resistance
For the bulls to take over, we need a weekly candle close above it.
Meanwhile, the bears can still kick in and reject that resistance.
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
For this post, I tried to make it as clean as possible. So I removed all my support and resistance and other drawings.
BTC rejected the lower bound / blue trendline and traded higher, and now approaching a critical zone highlighted in green.
This green zone has been holding for a while, acting as strong support and resistance.
For now, the green zone is acting as a resistance
For the bulls to take over, we need a weekly candle close above it.
Meanwhile, the bears can still kick in and reject that resistance.
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
Trade Made Simple
RichTL.com
Instagram:
instagram.com/richthesignalyst
Telegram
t.me/thesignalyst
Best CFD broker - Tickmill
cutt.ly/TickmillReal
CFD Broker - TradeNation
cutt.ly/GrTivmRC
RichTL.com
Instagram:
instagram.com/richthesignalyst
Telegram
t.me/thesignalyst
Best CFD broker - Tickmill
cutt.ly/TickmillReal
CFD Broker - TradeNation
cutt.ly/GrTivmRC
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.
Trade Made Simple
RichTL.com
Instagram:
instagram.com/richthesignalyst
Telegram
t.me/thesignalyst
Best CFD broker - Tickmill
cutt.ly/TickmillReal
CFD Broker - TradeNation
cutt.ly/GrTivmRC
RichTL.com
Instagram:
instagram.com/richthesignalyst
Telegram
t.me/thesignalyst
Best CFD broker - Tickmill
cutt.ly/TickmillReal
CFD Broker - TradeNation
cutt.ly/GrTivmRC
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.