BTC Scenarios {UPDATE FROM LAST POST}
Updated
With 40k being broken, it needs to reclaim that as support but as of now staying below 40 looks like a more downside is coming, but we play it simple as anything can happen at the same time, trying to be exposed but always know when to get out. a potential reversal will still be intact if we go 36k but revisiting 33k, I doubt its going to hold that and we may see 29k but that's for an updated post if we visit 33k. Most bullish scenario would be claiming 45800 as support or a consolidation in that range. A macro bullish scenario would be a reclaim of 40 as support.
Comment
We can see we went above 40k before I anticipated which is a rally good sign but thats another critical area to look at. staying above 40 and claiming that as support is a very nice macro bullish scenarioComment
Just a really quick update on this, we could also be seeing a symmetrical triangle that's starting to form which could be a break on both the sides.scenario 1 didnt play out
scenario 2 played out where we see right now a support or a level we need to reclaim as support which is around 40500. will we play out scenario 3 or 4? comment below on what you think.
Now, with the new symmetrical triangle shaping for us we could see 39500 touching on the trend line then bounce back then either go with scenario 3 or 4
check comment for the quick draft on the current chart. ya I know is f*d up to share a google drive link to see the image but ill upgrade to premium this week or get 10+ reputation. damn that's so little and so early in this posting stuff but I hope I could help many people formulate their own opinions better and trade and do well for more people to reach out in the future. thanks!
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