Bitcoin's bearish Scenarios explained
Updated
Bitcoin is in a Descending Triangle. This Means the Price Can Decrease As Much as the Measured Price movement (AB=CD) pretty Soon . The Break out has already Happened. So There Should Be No Difficulties For Reaching 37.5k. The Price Might Do a Pullback From there Since It is a Pretty Strong Support and Get back Near 40k again! but There is also another Scenario which Is that the Price is gonna Completely Decrease as Much as the Measured Price Movement and Reach 35k!
-BTC is in a Descending Triangle
- AB=CD
-Break out has already Happened
-It can Reach 40k again if we Receive Positive reaction from 37.5k Support.
-If we Don't Receive Positive Reaction, We can See Bitcoin at 35k.
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Thank you for seeing idea .
Have a nice day and Good luck
-BTC is in a Descending Triangle
- AB=CD
-Break out has already Happened
-It can Reach 40k again if we Receive Positive reaction from 37.5k Support.
-If we Don't Receive Positive Reaction, We can See Bitcoin at 35k.
_ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _
Thank you for seeing idea .
Have a nice day and Good luck
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