BITCOIN!WATCHING TWO POSSIBLE SCENARIOS
Greetings all,
Yesterday we warn you all about the great possibility, bitcoin to make another
one FAKE break out from symmetrical triangle, and to get reject.
We said that this will be a very bad signal and can bring the price down to 30k.
area, and probably and to 28700.
We mentioned this all through our channel.
Now...What we are expecting for the bitcoin price...
Two scenarios...
FIRST
BULLISH FALLING WEDGE ON A DOWNTREND...
This is the first and main scenario we are looking at the moment...
Following up this case, we can see bitcoin to retest the last low
at 28700.
SECOND SCENARIO DOUBLE BOTTOM...
At the moment we have only two supports, before the probability to see 28700
The one support is between 32250 - 32500 and the second at 31700.
If one from those two supports, keeps, we can see double bottom and reversal all the
way up to 36600... To confirm this scenario, i am waiting to see bitcoin breaking above 35100
otherwise this scenario is not valid.
More possibility at the moment we give to scenario 1 and the falling wedge.
WHEN I SHORT BITCOIN :
We will short bitcoin ONLY if we break below 31700
WHEN I LONG BITCOIN:
We will long Bitcoin ONLY if we break above 35100.
GL
Yesterday we warn you all about the great possibility, bitcoin to make another
one FAKE break out from symmetrical triangle, and to get reject.
We said that this will be a very bad signal and can bring the price down to 30k.
area, and probably and to 28700.
We mentioned this all through our channel.
Now...What we are expecting for the bitcoin price...
Two scenarios...
FIRST
BULLISH FALLING WEDGE ON A DOWNTREND...
This is the first and main scenario we are looking at the moment...
Following up this case, we can see bitcoin to retest the last low
at 28700.
SECOND SCENARIO DOUBLE BOTTOM...
At the moment we have only two supports, before the probability to see 28700
The one support is between 32250 - 32500 and the second at 31700.
If one from those two supports, keeps, we can see double bottom and reversal all the
way up to 36600... To confirm this scenario, i am waiting to see bitcoin breaking above 35100
otherwise this scenario is not valid.
More possibility at the moment we give to scenario 1 and the falling wedge.
WHEN I SHORT BITCOIN :
We will short bitcoin ONLY if we break below 31700
WHEN I LONG BITCOIN:
We will long Bitcoin ONLY if we break above 35100.
GL
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