BTCUSD decision time is upon us! 2 scenarios outcome
BTCUSD decision time is coming upon us!
Descending Triangle is coming to an end! I see two possible outcomes:
1) Bullish- we break the downward trendline and pass $9.8k- we then MUST FINALLY break the PESKY $10.5k resistance and then it will be full steam ahead from there. If we break the trendline but don't break $10.5k we're headed back down
2) Bearish- we break down from the long-standing $9.3k support- from here the next stop will be $8.6k but if that breaks we're headed to the ever important $7.7k support level.
What do you guys think?!? Would love to get some feedback!
Thanks for viewing :)
Descending Triangle is coming to an end! I see two possible outcomes:
1) Bullish- we break the downward trendline and pass $9.8k- we then MUST FINALLY break the PESKY $10.5k resistance and then it will be full steam ahead from there. If we break the trendline but don't break $10.5k we're headed back down
2) Bearish- we break down from the long-standing $9.3k support- from here the next stop will be $8.6k but if that breaks we're headed to the ever important $7.7k support level.
What do you guys think?!? Would love to get some feedback!
Thanks for viewing :)