BITCOIN - Possible scenarios in %
This is our updated Bitcoin chart with possible scenarios and their equivalent %.
There is a agood 15% that the price is rebounding from it's current mild support (middle of the channel).
The main possibility though is for a further drop to previous supports.
48,000 level can act as a brilliant support level but the most crucial level for the future of the price will be the 43,750 level which is massive!
The 43,750 level has been checked once and we bought from there perfectly but a second (and third*) check of this same level could be expected (60%) with a chance of finding support and rising priced priced at 3:1 probability against dipping lower.
* a second touch on a major support level leads to a third and crucial one. This you can see in previous ideas like this one here
There is a agood 15% that the price is rebounding from it's current mild support (middle of the channel).
The main possibility though is for a further drop to previous supports.
48,000 level can act as a brilliant support level but the most crucial level for the future of the price will be the 43,750 level which is massive!
The 43,750 level has been checked once and we bought from there perfectly but a second (and third*) check of this same level could be expected (60%) with a chance of finding support and rising priced priced at 3:1 probability against dipping lower.
* a second touch on a major support level leads to a third and crucial one. This you can see in previous ideas like this one here
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