BTC - Fishing Time? 🌊

27 sty 2023

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