Bitcoin : $BTC BTC - Scenarios & how it could play out. BTCUSD
Updated
It's all in the chart.
Scenario then bounce to new ATH's
Scenario 1 - 58k (Highly Likely)
Scenario 2 - 51k (Likely)
Scenario 3 - 43k (Less Likely)
Scenario 3 - 26K (Least likely but possible)
Probability wise it could hit and bounce off any of these levels and if breached would go to down to the next level and so on and so forth.
Only a 10% correction has witnessed #alts to come crashing down.
Looking for base and structure to form. For now it is in free fall.
Look for the occasional spike up to trap buyers then dump lower, choppy at best.
Scenario then bounce to new ATH's
Scenario 1 - 58k (Highly Likely)
Scenario 2 - 51k (Likely)
Scenario 3 - 43k (Less Likely)
Scenario 3 - 26K (Least likely but possible)
Probability wise it could hit and bounce off any of these levels and if breached would go to down to the next level and so on and so forth.
Only a 10% correction has witnessed #alts to come crashing down.
Looking for base and structure to form. For now it is in free fall.
Look for the occasional spike up to trap buyers then dump lower, choppy at best.
Note
Clear downward channel formed. 58k as warned.Note
Has reclaimed the TLNote
Playing out beautifully. Short is on until it can reclaim the trend line.
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