BTC is making a lower low on daily so we have a chance of a relief rally by making a lower high so based on that we have 2 scenarios. We are halfway to the bear market and second half is on the line.
Scenario 1
BTC will range between $20300 to $23000 for sometime and then break out towards
25K to $28k possibly making a bear flag and goes down towards $19k-$15k.
Scenario 2
BTC will simply break down from here towards $15k-$19k and we will bounce back up for a relief rally towards $30k levels or higher and then we go down again.
Scenario 1
BTC will range between $20300 to $23000 for sometime and then break out towards
25K to $28k possibly making a bear flag and goes down towards $19k-$15k.Scenario 2
BTC will simply break down from here towards $15k-$19k and we will bounce back up for a relief rally towards $30k levels or higher and then we go down again.
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if you want to get daily future/spot calls, Join our Premium discord by clicking on the following link
discord.gg/v7xWC7XDpN
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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.