BTC - Fishing Time? 🌊

Bitcoin / Tether USWhiteBIT

詳細

⋅ 2023年1月27日午前11時13分

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

simpsonepic1a

⋅ 2023年1月27日午後11時2分

It way overbought so i would say take profit beacuse if you dont the whales will.Wit for a dump back to 15k.

TheSignalyst

⋅ 2023年1月27日午後11時59分

@simpsonepic1a, I agree, can't really find a good reason for this pump. thanks for sharing your thoughts. I believe 18k is the next major support if we trade lower

VasilyTrader

⋅ 2023年1月27日午後6時25分

Good market breakdown!

TheSignalyst

⋅ 2023年1月27日午後9時12分

@VasilyTrader, thanks dear

Setupsfx_

⋅ 2023年1月27日午後4時13分

Great analysis mate

TheSignalyst

⋅ 2023年1月27日午後4時19分

@Setupsfx_, thanks my friend

Tolberti

⋅ 2023年1月27日午後2時14分

Nice outlook, thank you!

TheSignalyst

⋅ 2023年1月27日午後2時35分

@Tolberti, thanks Tolberti

P_S_trade

⋅ 2023年1月27日午後1時53分

Thanks for sharing your vision, agree with you

TheSignalyst

⋅ 2023年1月27日午後2時35分

@P_S_trade, salute

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