BTC.D probability

Updated

after hitting the first target we are going for the second one which is the midline of the bullish channel.

I believe the could be some retracement in that area

however, we have 3 possible scenario

1- bounce down to the red support which will lead us into an alt party

2- bounce down but the upper band of static channel support it

3- without any bouncing break the mind and goes for higher numbers

all of these options possible but I believe number 1 and 2 is more possible

if we check the history and the history wanted to be repeat so we need an alt party

Note

this is the old BTC.D analysis which continued to first target. check it and its updates

Note

we are in the testing phase.

bulls are trying but bears still didn't move

Note

ok so we lost the support and both of the areas are resistant again, and I think the dominance will fall and make an alt party.

as BTC.D are falling the other dominances are rising .

Note

retesting the midline again

Note

if we consider it as a double top, so we have to see 46 area ( support area )

Note

there are 2 scenario for BTC in 2 time frame:

4h: in 4 H we had a double top which was predicted before and soon we reach the target . and with considering RSI ( oversold ) and bullish purple channel, we will have a few days range then start an uptrend pulse.

daily: RSI just lose the 50 % support and went under so now 50% is resistance, so it means in this scenario price could go to the midline of the yellow static channel.

the 2 next picture shows the scenario well

1st: 4h time frame
2nd; daily time frame

Trade closed: target reached

for now, target reached, i will continue the update in another idea and I will put the new idea below here

ZorgOros

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