I have two possible playouts here, that I am looking and preparing for.
Option A - We either bounce off the mid-point of the current downwards Parallel channel, and start ranging between the two channels shown, before breaking to the upside - This would be confirmation for me, of a bullish play and change of structure.
Option B - We continue the pattern that has been in play since March, continuing the downwards parallel channel.
Option C - Not shown, but breaking below the channel, and going further lower - Doom and gloom BTC...
These are my predicted plays, that I am watching, and will update once I have confirmation of the next move from BTC.
Option A - We either bounce off the mid-point of the current downwards Parallel channel, and start ranging between the two channels shown, before breaking to the upside - This would be confirmation for me, of a bullish play and change of structure.
Option B - We continue the pattern that has been in play since March, continuing the downwards parallel channel.
Option C - Not shown, but breaking below the channel, and going further lower - Doom and gloom BTC...
These are my predicted plays, that I am watching, and will update once I have confirmation of the next move from BTC.
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discord.gg/cryptohub
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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.
Come join me over at Cryptohub - The number 1 place for all things Crypto:
discord.gg/cryptohub
discord.gg/cryptohub
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.