Today I found a very interesting global scenario but, please do not take it seriously just keep in mind.
Scenario 1
This scenario have a high probability. It is the same as the scenario from the previous analysis. We can see that the Support and Resistance lines formed the Broadening Bottom formation. We supposed that the price can find the support at the Midline ($36000-$37000) and break the Resistance to the upside with the price target $50000.
Scenario 2
In my opinion this scenario is much more interesting. We can see the huge falling wedge which is formed by the Historical Resistance Trendline and Support. This formation predicts the price decline to $21000. Here we have the very amazing coincidence. The Historical Support Trendline, which began at the COVID-19 Dump. It is very strong interest zone. According to this scenario the $20000 can be the Bottom for this bear market.
Scenario 1
This scenario have a high probability. It is the same as the scenario from the previous analysis. We can see that the Support and Resistance lines formed the Broadening Bottom formation. We supposed that the price can find the support at the Midline ($36000-$37000) and break the Resistance to the upside with the price target $50000.
Scenario 2
In my opinion this scenario is much more interesting. We can see the huge falling wedge which is formed by the Historical Resistance Trendline and Support. This formation predicts the price decline to $21000. Here we have the very amazing coincidence. The Historical Support Trendline, which began at the COVID-19 Dump. It is very strong interest zone. According to this scenario the $20000 can be the Bottom for this bear market.
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