BTC: POSSIBLE SCENARIOS! BULLISH OR BEARISH??
Updated
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Welcome to this BTC update.
BTC is consolidating in the same range from the last 48 hours. Looks like someone tap the pause button for bitcoin.
According the chart, BTC is trading inside a channel and as long as it holds inside the channel we can expect a bounce. Breaks out of yellow line will give us the confirmation.
If any candle close below the channel then we see a dump again and I'm ready to short the market again.
So as of now we have to wait for the confirmation of bullish or bearish scenario. I'll keep you guys updated here.
If you like this idea then do support tit with like and follow.
Also, share your views in the comment section.
Thank You!
Welcome to this BTC update.
BTC is consolidating in the same range from the last 48 hours. Looks like someone tap the pause button for bitcoin.
According the chart, BTC is trading inside a channel and as long as it holds inside the channel we can expect a bounce. Breaks out of yellow line will give us the confirmation.
If any candle close below the channel then we see a dump again and I'm ready to short the market again.
So as of now we have to wait for the confirmation of bullish or bearish scenario. I'll keep you guys updated here.
If you like this idea then do support tit with like and follow.
Also, share your views in the comment section.
Thank You!
Note
BTC bouncing from the support zone of 19k pretty well so far. Now it is facing resistance at the $19,800-$20,200 level. BTC needs to break and close above the 20k level with good volume for further upside movement. In case of rejection, we see again the 19k level. Let's see if it breaks the 20k level this time or not.
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