Hello TradingView Family / Fellow Traders. This is Richard, as known as theSignalyst.
🗒 As per my last educational post (attached on the chart), we know that the bulls will take over if we break above the falling flag #4
📌 BTC is now approaching a strong rejection in orange:
1- Round number 30,000
2- Classic Support Zone Turned Resistance
3- Supply zone
Hence we will be expecting the bears to take over around 30,000 for a correction before the bulls take full control again and break above it.
For the bulls to take over from a Marco perspective, we need a break above 32,500
🏹 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
🗒 As per my last educational post (attached on the chart), we know that the bulls will take over if we break above the falling flag #4
📌 BTC is now approaching a strong rejection in orange:
1- Round number 30,000
2- Classic Support Zone Turned Resistance
3- Supply zone
Hence we will be expecting the bears to take over around 30,000 for a correction before the bulls take full control again and break above it.
For the bulls to take over from a Marco perspective, we need a break above 32,500
🏹 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
Trade Made Simple
RichTL.com
Instagram:
instagram.com/richthesignalyst
Telegram
t.me/thesignalyst
Best CFD broker - Tickmill
cutt.ly/TickmillReal
Kucoin Exchange
kucoin.com/r/af/signalyst
RichTL.com
Instagram:
instagram.com/richthesignalyst
Telegram
t.me/thesignalyst
Best CFD broker - Tickmill
cutt.ly/TickmillReal
Kucoin Exchange
kucoin.com/r/af/signalyst
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
Kucoin Exchange
kucoin.com/r/af/signalyst
RichTL.com
Instagram:
instagram.com/richthesignalyst
Telegram
t.me/thesignalyst
Best CFD broker - Tickmill
cutt.ly/TickmillReal
Kucoin Exchange
kucoin.com/r/af/signalyst
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.