btc 4 possible scenarios
as my previous analyze about toughness of passing the blue area came true, I decided to explain you 4 possible scenarios which could be happen and the conditions that will make each scenario possible.
1. as the first scenario, if midline of downward channel (49500 - 50500) be broken upward and btc get fixed above 50500 the green scenario will be triggered and targets are 51500 and 56000.
if btc fall to 46k-47k then three following scenarios will be possible
2. if 46000 can keep btc above itself and by the time btc gets fixed above the midline then the blue scenario will happen. blue scenario.
3. but if the 46k zone be lost unfortunately in best situation it will fall to the bottom of channel (39k-42k). orange scenario.
4. here comes the worst, even if the bottom of channel be lost btc will fall to the previous long term fibo level 35k.
1. as the first scenario, if midline of downward channel (49500 - 50500) be broken upward and btc get fixed above 50500 the green scenario will be triggered and targets are 51500 and 56000.
if btc fall to 46k-47k then three following scenarios will be possible
2. if 46000 can keep btc above itself and by the time btc gets fixed above the midline then the blue scenario will happen. blue scenario.
3. but if the 46k zone be lost unfortunately in best situation it will fall to the bottom of channel (39k-42k). orange scenario.
4. here comes the worst, even if the bottom of channel be lost btc will fall to the previous long term fibo level 35k.
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.