Two Scenarios for Bitcoin
At this point, I think 2 scenarios for Bitcoin.
1. Yellow line
Two types of stochastic are now going down.
It can be go up once again but there is a signal for divergence.
If Bitcoin goes down, yellow circle area could be support level because of Red and Purple MA line.
2. Blue Line
Stochastic can go up once again.
In this case, there is a strong resistance level, blue circle and Green MA line.
Bitcoin has been already failed to go up because of them.
If Bitcoin defeats them all, we can expect higher target, approximately 10000 level.
1. Yellow line
Two types of stochastic are now going down.
It can be go up once again but there is a signal for divergence.
If Bitcoin goes down, yellow circle area could be support level because of Red and Purple MA line.
2. Blue Line
Stochastic can go up once again.
In this case, there is a strong resistance level, blue circle and Green MA line.
Bitcoin has been already failed to go up because of them.
If Bitcoin defeats them all, we can expect higher target, approximately 10000 level.
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