Scenario #1
Price will break but will get rejected (fake out)
Scenario #2
Price will break its resistance and hold on new resistance that became new support and continue its swings.
But there will be strong zones that is also in confluence of fib extension levels needs to retested first before proceeding to another target.
Scenario #3
Price will break its resistance and hold on new resistance that became new support and continue its swings, but this time there is strong volume that is enough to hold a strong break out.
Once it reached it's $6000-$6400 zones there is a possibility to have a rejection. But well see if it is going to hold and break the downward structure of btc.
Scenario #4
Just fake out and bearish flag pattern will finally materialize, we are bound to go to another suport $2500-$2000 ish level.
For more live trade updates.
Check out my daily live stream
@ fb.com/cryptocurrencytrader10
Part 1 - 930am EST
Part 2 - 930pm EST
#tradeResponsibly
#investResponsibly
Price will break but will get rejected (fake out)
Scenario #2
Price will break its resistance and hold on new resistance that became new support and continue its swings.
But there will be strong zones that is also in confluence of fib extension levels needs to retested first before proceeding to another target.
Scenario #3
Price will break its resistance and hold on new resistance that became new support and continue its swings, but this time there is strong volume that is enough to hold a strong break out.
Once it reached it's $6000-$6400 zones there is a possibility to have a rejection. But well see if it is going to hold and break the downward structure of btc.
Scenario #4
Just fake out and bearish flag pattern will finally materialize, we are bound to go to another suport $2500-$2000 ish level.
For more live trade updates.
Check out my daily live stream
@ fb.com/cryptocurrencytrader10
Part 1 - 930am EST
Part 2 - 930pm EST
#tradeResponsibly
#investResponsibly
