#BTC/USD 7.6K Incoming!!!!!!!
Updated
In my previous chart I speculated 7k is incoming. It took a bit time with all those bounces and the rejections around 6800 are. Finally we broke above 7k what's really important is to close above 6926 (200D MA). If we manage to close above the 200D MA then we can expect 7600 soon and then a healthy retracement around 7120.
I'VE PLOTTED 2 SCENARIOS THAT COULD PLAY OUT , THE GREEN ONE AND THE RED ONE.
GREEN ONE IS HIGHLY LIKELY IMO.
Hope you all are learning something new during this time.Stay home stay safe.
Let's wait for now.
Stay tuned.
#Peace
I'VE PLOTTED 2 SCENARIOS THAT COULD PLAY OUT , THE GREEN ONE AND THE RED ONE.
GREEN ONE IS HIGHLY LIKELY IMO.
Hope you all are learning something new during this time.Stay home stay safe.
Let's wait for now.
Stay tuned.
#Peace
Comment
Price didn't close above the 200D MA.Scenario 2 played out.
Overall direction is positive.
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