It’s your decision; We are following! For BITSTAMP: BTCUSD By TheSignalyst – Technische Analyze – 2022-10-17 08:50:43

Hello TradingView family / fellow traders. This is Richard, aka TheSignalyst.

BTC has been stuck in the 18-20K range for a few days.

Bullish scenario:
For the bulls to take over and start a minor/short term correction higher, we need to close a momentum candle above the blue area. (20,500)

In this case, the transition is made to the high main H4 and display area In green it is expected.

And then, for the bulls to retain control, we need a breakout above the green (25,000)

Bearish scenario:
Meanwhile, for the bulls to take over, the bears can still kick and break below the 18 karat red zone.

In this case as well bearish Movement will be expected.

What is the most likely scenario in your opinion and why?

Always follow your own trading plan in terms of entry, risk management and trade management.

Good luck and God bless you!

All strategies are good. If managed properly!
~ rich

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