BTC - Long-Term View!

2024年9月4日

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

📈 BTC has been stuck in a descending channel, ranging between 50k and 70k.

As it approaches the 50k zone, we will be looking for medium-term long positions.

🏹 For a long-term trade targeting the 80k resistance, a break above the upper red trendline is required.

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