BitcoinUpdated Bitcoin 3 Scenarios
3 possible scenarios for bitcoin
A = Ascending triangle and continue - too easy
B = Bullflag to washout inexperienced traders - possible
C = Potential bullflag becomes a descending triangle, play with the inexperienced traders, bearish cycle resumes - seen this all before
Best to wait for a break of the ATH and ride the trend if we go higher, it's been to easy up to now, allot of inexperienced newbies made some money and now it's time to give some of it back.
A = Ascending triangle and continue - too easy
B = Bullflag to washout inexperienced traders - possible
C = Potential bullflag becomes a descending triangle, play with the inexperienced traders, bearish cycle resumes - seen this all before
Best to wait for a break of the ATH and ride the trend if we go higher, it's been to easy up to now, allot of inexperienced newbies made some money and now it's time to give some of it back.
Note
Scenario A: Daily and 12 hour still making higher lows if we close above 34k, close below 34k will break structure of the ascending triangle.Note
Looks like A is out of play on this next 12 hour close in 20mins, leaving us B and C..Note
Scenario C looks most likely now, need to see a break of the upper descending triangle trend line to invalidate, targets down to 20K implied.Note
Scenario D also possible with a bullish falling wedgeNote
Scenario D won in the end :) 
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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.