BTC - Now We Wait 🕝

27 juin 2023

Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst.

📌on H4: Left Chart
BTC has been stuck inside a range in gray around 31k - 32k resistance for a couple of days.

The bulls will remain in control, UNLESS the 29,650 low in red is broken downward from H4.

In this case, we will be expecting the bearish correction to start.

📌on H1: Right Chart
📉 On the other hand, for the bulls to take over again short-term, we need a break above the last high in gray.

In this case, we will be expecting BTC to dive inside the 31k - 32k resistance zone again.

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