BTC 3 Senario
As expected and mentioned several times, Bitcoin entered a deep reform phase. It lost $ 40,000 support in a short period of time (fake break) but quickly returned to the $ 40,000 channel.
The bitcoin trend continues to decline as long as it can break the trend line with strength.
With these interpretations, we have 3 possible scenarios for the future trend:
1- Climb to about 46 thousand dollars and not having a momentum to break the trend line and return to about 38 thousand dollars.
2- Ability to break the trend line and climb to a strong resistance of $ 48,000, and if unable to cross, return to support of $ 38,000.
3- Completing the pattern AB = CD The previous ascending step and ascending to the range of 62 thousand dollars by the first half of November.
* The occurrence of the second case is more probable than other cases *
The bitcoin trend continues to decline as long as it can break the trend line with strength.
With these interpretations, we have 3 possible scenarios for the future trend:
1- Climb to about 46 thousand dollars and not having a momentum to break the trend line and return to about 38 thousand dollars.
2- Ability to break the trend line and climb to a strong resistance of $ 48,000, and if unable to cross, return to support of $ 38,000.
3- Completing the pattern AB = CD The previous ascending step and ascending to the range of 62 thousand dollars by the first half of November.
* The occurrence of the second case is more probable than other cases *
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