BitcoinUpdated TWO POSSIBLE BTC SCENARIOS. AND GOOD SHORT POSSIBILITY.
If we see the break on 3980 level, the most possible scenario is a fast price fall to the next strong support level, which is 3530$.
The second scenario is a break out on 4200$ level and possible double top formation on 4425$, which could be a perfect start of short position.
Note
break out confirmed. it happened a bit sooner than I have expected. I am waiting for double top for now
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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.