Buy/Sell scenario for Bitcoin
Updated
BTC is consolidating right now. Sooner or later, the bulls and the bears make their decision that who is going to win this fight. I'll make it clear for you, in this idea, when we can announce the winner and what is the prize..
Bullish scenario:
You can see the GREEN ABCD pattern on the chart as our bullish movement. When the price breaks the green "B" upwards, the bulls are the winner. You can open a Long/Buy position right above the green "B". In this scenario Take-Profit targets will be three Fibonacci levels that I've drawn for you above.. As we spoke in previous ideas, the first line has very high chance for hit, but to analyze further levels I need to check price action later..
Bearish scenario:
Checkout the RED ABCD pattern on the chart for analyzing the bearish move. When the price breaks the red "B" downwards, the bears are the winner. You can open a Short/Sell position somewhere below the red "B". In this scenario Take-Profit targets will be three Fibonacci levels that I've drawn for you below..
I hope you enjoy this analysis, feel free to ask any questions about BTC price movements. I'll try my best to help you.
Make sure you follow my profile for further notice on the updates..
Your likes, comments, shares and follows will give me a lot of energy. So I'll be so happy if I you do these if you liked the idea.. :)
Bullish scenario:
You can see the GREEN ABCD pattern on the chart as our bullish movement. When the price breaks the green "B" upwards, the bulls are the winner. You can open a Long/Buy position right above the green "B". In this scenario Take-Profit targets will be three Fibonacci levels that I've drawn for you above.. As we spoke in previous ideas, the first line has very high chance for hit, but to analyze further levels I need to check price action later..
Bearish scenario:
Checkout the RED ABCD pattern on the chart for analyzing the bearish move. When the price breaks the red "B" downwards, the bears are the winner. You can open a Short/Sell position somewhere below the red "B". In this scenario Take-Profit targets will be three Fibonacci levels that I've drawn for you below..
I hope you enjoy this analysis, feel free to ask any questions about BTC price movements. I'll try my best to help you.
Make sure you follow my profile for further notice on the updates..
Your likes, comments, shares and follows will give me a lot of energy. So I'll be so happy if I you do these if you liked the idea.. :)
Note
BTC is trying to make a new higher high.. bearish scenario is still possible.. stay tuned..PRICE: 23680 !!!!
Trade closed: target reached
Congratulations!!! Bulls won the fight, BTC is on the bullish movement check out the next idea that I've published. It's about this bullish movement..
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