BITCOIN - BTC/USD two possible scenarios
BITCOIN - BTC/USD two possible scenarios
on WEEKLY: Bitcoin is trading inside a giant symmetrical triangle (in blue) and now sitting around our upper blue trendline and round number 10000.0
First Scenario: we are waiting for a momentum break above 11000.0 and then look for objective buy setups on lower timeframes on its retest
Second Scenario: meanwhile, Bitcoin would be overall bearish, so we will be looking for objective sell setups on lower timeframes. (unless price breaks aggressively above 11000.0
on H4: price is trading inside our red channel so we are waiting for a new swing to form around our lower red trendline to consider it valid and enter on its break downward
on WEEKLY: Bitcoin is trading inside a giant symmetrical triangle (in blue) and now sitting around our upper blue trendline and round number 10000.0
First Scenario: we are waiting for a momentum break above 11000.0 and then look for objective buy setups on lower timeframes on its retest
Second Scenario: meanwhile, Bitcoin would be overall bearish, so we will be looking for objective sell setups on lower timeframes. (unless price breaks aggressively above 11000.0
on H4: price is trading inside our red channel so we are waiting for a new swing to form around our lower red trendline to consider it valid and enter on its break downward
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RichTL.com
Instagram:
instagram.com/richthesignalyst
Telegram:
t.me/thesignalyst
Best CFD broker
cutt.ly/TickmillReal
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