Bitcoin's Two Possible Scenarios!!
Updated
Hello to all members of TradingView and my followers.
There are two possible scenarios for Bitcoin.
First scenario:
In the 4-hour timeframe, two support boxes can be seen at $23500 and $22000, and due to the price being at the ceiling of the channel, Bitcoin still maintains the $23500 box, and if the 4-hour candle breaks this support, the movement will continue until around the $22200 box. And the next rising wave will continue until $26000.
There are two possible scenarios for Bitcoin.
First scenario:
In the 4-hour timeframe, two support boxes can be seen at $23500 and $22000, and due to the price being at the ceiling of the channel, Bitcoin still maintains the $23500 box, and if the 4-hour candle breaks this support, the movement will continue until around the $22200 box. And the next rising wave will continue until $26000.
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Second scenario:
In the 4-hour timeframe, if the channel's upper band is broken, a new bullish wave will be created, which can increase the price to $30,000. So, the two most suitable points for the first entry in case of a fall to around $22,200, and the next most suitable point is the break of the channel's upper band.
Good luck!
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