Critical BTC price action
Hey,
I have a few scenarios that could go down with BTC
s1: we complete the double bottom and move back up, bouncing from 19k
s2: we complete the 1:1 retracement from the top of the structure ( 65k ) and bounce back up from around 16-17k (very strong support)
s3: we bust through and drop to the nearest support which is 12k and we will see from there
s4: we go all the way down to 9-10k and see from there
It's very basic TA, I know, but I would love to hear what you think.
Thanks!
I have a few scenarios that could go down with BTC
s1: we complete the double bottom and move back up, bouncing from 19k
s2: we complete the 1:1 retracement from the top of the structure ( 65k ) and bounce back up from around 16-17k (very strong support)
s3: we bust through and drop to the nearest support which is 12k and we will see from there
s4: we go all the way down to 9-10k and see from there
It's very basic TA, I know, but I would love to hear what you think.
Thanks!
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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.