Hello TradingView Family / Fellow Traders,
BTC has been hovering within a range, taking the form of a symmetrical triangle.
📈 If the triangle breaks to the upside, confirmed by an H4 candle closing above 44,750, we anticipate a bullish continuation, targeting the resistance range up to 48,000.
📉 Conversely, as BTC approaches the lower bound of the triangle around 41,000, we will be looking for short-term buy setups on lower timeframes, targeting the upper bound of the triangle.
For now, we wait! ⏱
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!
~Richard Nasr
BTC has been hovering within a range, taking the form of a symmetrical triangle.
📈 If the triangle breaks to the upside, confirmed by an H4 candle closing above 44,750, we anticipate a bullish continuation, targeting the resistance range up to 48,000.
📉 Conversely, as BTC approaches the lower bound of the triangle around 41,000, we will be looking for short-term buy setups on lower timeframes, targeting the upper bound of the triangle.
For now, we wait! ⏱
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!
~Richard Nasr