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BTC - Key Checkpoint...
Bitcoin / Tether
BTC - Key Checkpoint...
By TheSignalyst
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Aug 9
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Aug 9
Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst.
📈
As per my last analysis,
attached on the chart, BTC rejected the $50,000 support zone and surged by over 25%.
What's next?
Currently, BTC is hovering around a key rejection level and round number $60,000.
For the bulls to maintain control and push towards $70,000, a break above the $60,000 level is needed.
📉
Meanwhile
, the bears can still kick in for one more correction phase especially if the $59,000 support is broken downward.
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
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