3 Scenarios For BTC 1 HR
1: Continue recovery from the correction in this channel and eventually break out into the green area for where we see a large amount of support. (red arrows)
2: Dip again and form a double bottom (W) before heading back up to the green area. (blue arrows)
3: Fall below the ascending triangle (zoom out) and hopefully find support at 50k or 48k.
Altcoins are performing well with BTC ranging sideways between 53k-59k. Would be a shame to see a big move either up or down on BTC as it would some what ruin or delay the alt season we are seeing.
2: Dip again and form a double bottom (W) before heading back up to the green area. (blue arrows)
3: Fall below the ascending triangle (zoom out) and hopefully find support at 50k or 48k.
Altcoins are performing well with BTC ranging sideways between 53k-59k. Would be a shame to see a big move either up or down on BTC as it would some what ruin or delay the alt season we are seeing.
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