BTCUSD: Next move after breakout
Hello traders!
Previously i was expecting a retracement from the resistive trendline towards the support trendline and it move like it was supposed to move, it's about 5% dip.
Now the supportive trendline is broken and the trendline is always formed to be broke not to hold price.
Normally I don't put multiple directions to confuse the traders but this time I am predicting the move early the move is not clear yet, but moves are limited and I know how BTC will play and we will not fight with broker/BTC but we will move together with them.
I have drawn two scenarios on the chart
Scenario 1:
If BTC moves up and retests the trendline then we can buy after a little retracement. It's the time when traders will sell and we will buy. Long-term buyers must not be happy if Btc pumps from here because this bullish move will end at 44K. Scenario 2 is more in favor of long-term buyers than scenario 1.
Scenario 2:
In scenario 2 if the market dumps from here then we will find a better opportunity to buy from the bottom and if there is a dump then it will open a key towards 50K. BTC can dump from here and we will find a better opportunity and will buy from the bottom.
BTC can also push up from here towards 41500-41800 and if it pushed up without giving any reaction at the broken trendline then this move will also count in scenario 2 because after that it will dump.
The true reversal point is at 39300. The true reversal point is a strategy that shows a pinpoint reversal point.
Don't forget to hit the like button and follow to stay connected
Previously i was expecting a retracement from the resistive trendline towards the support trendline and it move like it was supposed to move, it's about 5% dip.
Now the supportive trendline is broken and the trendline is always formed to be broke not to hold price.
Normally I don't put multiple directions to confuse the traders but this time I am predicting the move early the move is not clear yet, but moves are limited and I know how BTC will play and we will not fight with broker/BTC but we will move together with them.
I have drawn two scenarios on the chart
Scenario 1:
If BTC moves up and retests the trendline then we can buy after a little retracement. It's the time when traders will sell and we will buy. Long-term buyers must not be happy if Btc pumps from here because this bullish move will end at 44K. Scenario 2 is more in favor of long-term buyers than scenario 1.
Scenario 2:
In scenario 2 if the market dumps from here then we will find a better opportunity to buy from the bottom and if there is a dump then it will open a key towards 50K. BTC can dump from here and we will find a better opportunity and will buy from the bottom.
BTC can also push up from here towards 41500-41800 and if it pushed up without giving any reaction at the broken trendline then this move will also count in scenario 2 because after that it will dump.
The true reversal point is at 39300. The true reversal point is a strategy that shows a pinpoint reversal point.
Don't forget to hit the like button and follow to stay connected
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