Scenario for today. 15 December 2021.
Green : HnS unperfect Head and Shoulder pattern.
If breakdown goes into 41K-43K
If bounce, back into 49K-50K.
Blue : 3 days down trendline
Bounce on Blue trendline, down to 44-46K
Red : Break out Blue trendline
If break out structure could retest major SnR then tomorrow goes into 48K-49K.
Anything that goes down will...
This is just an outlook on ETH/USDT.
Tapering issue will come ripe at 15-16 December.
Along with major trendline 2021 and tri-monthly downtrend line.
Market will go down along with RED line until Major SnR III line.
Meanwhile if no tapering issue on effect, it will goes into Major SnR II line, see GREEN line.
3 line prediction for BTC, I use BTCUSDT on binance.
Green : long until hit 2021 trendline resistance, 52K
Yellow : long until 50K, based on previous 1-2 weeks pattern
Green : long until 449k, based on downtrend channel...
Green : Scenario A
Red : Scenario B
Please check both scenario.
Hope bear for short term (1 week) and bullish on mid term ( 2-4 weeks)
Happy trading
Cahhyo
