BTC
BTC is long if u are patient, short if not
Read with care
Now that BTC has broken the midline of rising channel down, its reminding us how patience BTC is in order to grow (remember they know how to go up without people with small money or money lovers by creating panic)
Expectation in this scenario
1.BTC shall try to test the midline during the next several days (break up with powerful candles is sign if the scenario failure)
2. Some range movements below the midline for 2-3days after
3. After it fails to break up the midline we may see its collapse to the floor of the rising channel, and ranges there as u see in the chart maybe till the end of the first week of December
4. Break out from its range in the 2nd week of December and a big bull run to the top of the rising channel and new ATH back to back by the end of December
In 3 points this long and golden scenario can fail
- If it breaks up the medial from the point we are in now (would be nice for non patience people)
- if it breaks down the rising channel (hope not)
- if it fails to break up the medial after its rise from the floor of the channel (we are still in profit)
Don’t take my horizontal lines as exact prices for the scenario, they shall be considered as price zones
Read with care
Now that BTC has broken the midline of rising channel down, its reminding us how patience BTC is in order to grow (remember they know how to go up without people with small money or money lovers by creating panic)
Expectation in this scenario
1.BTC shall try to test the midline during the next several days (break up with powerful candles is sign if the scenario failure)
2. Some range movements below the midline for 2-3days after
3. After it fails to break up the midline we may see its collapse to the floor of the rising channel, and ranges there as u see in the chart maybe till the end of the first week of December
4. Break out from its range in the 2nd week of December and a big bull run to the top of the rising channel and new ATH back to back by the end of December
In 3 points this long and golden scenario can fail
- If it breaks up the medial from the point we are in now (would be nice for non patience people)
- if it breaks down the rising channel (hope not)
- if it fails to break up the medial after its rise from the floor of the channel (we are still in profit)
Don’t take my horizontal lines as exact prices for the scenario, they shall be considered as price zones
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