BTC - Where to now?
BTC broke down thru the triangle yesterday and looks to be consolidating as BTC Futures expire this Friday, March 26th. We can expect further downside in the short-term as we push toward another all-time high in April.
Best case scenario:
*Volume increases drastically from our current support between 53-54k. (Need the daily close above 55,240)
Likely case Scenario:
*We see a drop for the next few days into our buy zone of $48,300-$50,492. (We would hope to see an aggressive bounce to the upside from the 50-MA)
Worst case Scenario:
*We drop to our final support channels before we head into a bear market between 43k-45k. (Last stand. If we break support below 43k, the bear market is here.)
Disclaimer: These charts are not to be taken as financial advice as they are my opinions only. Good Luck Traders!
Best case scenario:
*Volume increases drastically from our current support between 53-54k. (Need the daily close above 55,240)
Likely case Scenario:
*We see a drop for the next few days into our buy zone of $48,300-$50,492. (We would hope to see an aggressive bounce to the upside from the 50-MA)
Worst case Scenario:
*We drop to our final support channels before we head into a bear market between 43k-45k. (Last stand. If we break support below 43k, the bear market is here.)
Disclaimer: These charts are not to be taken as financial advice as they are my opinions only. Good Luck Traders!
Disclaimer
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