Bitcoin / TetherUSUpdated Two main scenarios for BTC now (important levels)
BEAR
- If we brake the descending structure the bearish target is 41000, then we can consolidate in the new channel for a while
- If we lose 41000 the future is bearish mid/long term (sadly)
BULL
- We must brake 47300 and flip it to support
- Next we must brake 50000 and flip it to support
- Then we got to break 52000-53000 to recover the bullish side
- Ultimate levels to brake then are 58000 and 67500
NOT A FINANCIAL ADVICE
- If we brake the descending structure the bearish target is 41000, then we can consolidate in the new channel for a while
- If we lose 41000 the future is bearish mid/long term (sadly)
BULL
- We must brake 47300 and flip it to support
- Next we must brake 50000 and flip it to support
- Then we got to break 52000-53000 to recover the bullish side
- Ultimate levels to brake then are 58000 and 67500
NOT A FINANCIAL ADVICE
Note
*sorry for my grammar fault. "Break" instead of "brake" :facepalm:
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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.