BTC behaviour analysis (2-3 weeks)
I tried to identify, on the basis of the current trend, MACD and RSI, what could be the behaviour of BTC over the next two-three weeks.
I identified two possible behaviours: positive and negative.
The first case would generate the pattern represented with the "Positive scenario" provided, starting with an ascending triangle and shifting to a bullish ABC pattern. The shift would take place around March 26th, enacting a bullish growth in the range (7500 USD - 10500 USD) over the next period.
On the other hand, I identified a "Negative scenario" creating a descending triangle pattern. This is distinguished in two cases: the first one ("Negative Scenario 1") in which the negative pattern will start around March 23rd causing a decrease in value approximately around the relative minimum point reached last week; the second one ("Negative Scenario 2") in which the negative pattern will show its signs at the intersection between the ascending triangle and the bullish ABC pattern (thus, around March 26th). The difference between the two cases will be in the relative maximum point reached, which will be approximately 11% greater for "Negative Scenario 2", reaching a value around 7500 USD before descending again.
I'm new to the platform and tried developing an analysis of the situation, please provide me with feedbacks if you have any!
Thanks for you time
I identified two possible behaviours: positive and negative.
The first case would generate the pattern represented with the "Positive scenario" provided, starting with an ascending triangle and shifting to a bullish ABC pattern. The shift would take place around March 26th, enacting a bullish growth in the range (7500 USD - 10500 USD) over the next period.
On the other hand, I identified a "Negative scenario" creating a descending triangle pattern. This is distinguished in two cases: the first one ("Negative Scenario 1") in which the negative pattern will start around March 23rd causing a decrease in value approximately around the relative minimum point reached last week; the second one ("Negative Scenario 2") in which the negative pattern will show its signs at the intersection between the ascending triangle and the bullish ABC pattern (thus, around March 26th). The difference between the two cases will be in the relative maximum point reached, which will be approximately 11% greater for "Negative Scenario 2", reaching a value around 7500 USD before descending again.
I'm new to the platform and tried developing an analysis of the situation, please provide me with feedbacks if you have any!
Thanks for you time
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