BTC (WEEKLY)
Eyes on the long term chart of BTC Future tells 3 clear scenarios :
1. Pullback on the 1st resistance zone and move lower
2. Breakout above the 1st resistance and pullback on the 2nd R.Z
3. Breakout the 1st and 2nd zone and move higher
The 3rd probability is too low because what makes the BTC skyrocket are decisions made by big economies about its officialisation.
The higher probability is detained by the 1st scenario. The BTC will most likely break the support trendline and fall again around [7440-6420] level.
Eyes on the long term chart of BTC Future tells 3 clear scenarios :
1. Pullback on the 1st resistance zone and move lower
2. Breakout above the 1st resistance and pullback on the 2nd R.Z
3. Breakout the 1st and 2nd zone and move higher
The 3rd probability is too low because what makes the BTC skyrocket are decisions made by big economies about its officialisation.
The higher probability is detained by the 1st scenario. The BTC will most likely break the support trendline and fall again around [7440-6420] level.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.