BTC bearish scenario
BTC has broken the rising wedge and also made a bearish divergence in RSI - Your views, please?
Baybittrex
BTC Short from 29200 BTC is gonna dump hard from the 29200 area. BTC is making a rising wedge and now testing its lower line of it. It can dump hard from this area I believe
BTC Forecast - Weekly chart BTC is moving at a key level of the 21700 zone. Rejection from this area can take BTC to bottom again up to 12800 and breakage of this Zone will take BTC up to 29500 zone.
BTC Forecast BTC is holding a support area of 20400- 20600 and supports the lower trend line in the 4H time frame. Currently, 20K is the major support area and 20800 is the major resistance zone. We have a FED meeting after 02 days which will affect the market (pump or dump) and maybe in these 02 days BTC will not make a major move. Anyhow BTC seems bullish to me and it can go up to 21400 in the coming days if all goes well and it breaks the 20800 resistance area and hold it.
BTC Forecast - 21600 - 21900BTC took a good upwards move and now holds a 20200 support area.
I believe that BTC will move upwards to the 21900 Zone in the coming days as below 02 scenarios.
BTC will hold current support at 20200 and will take another move up to 21900
BTC will re-test the trendline at the 19800 area and will bounce back to 21900
Let's see
CHR - weekly support zoneCHR is at a strong support zone in the weekly time frame. It can be good swing trade for long from here
Entry, SL, and TP are mentioned in the idea.
Reef Long set up The reef is heading towards in support area and hopefully will take another bounce from support. Please wait for the support area to take entry.
Entry point (support area), SL, and TP are mentioned in the TA.
BNB Long set up BNB is at the support zone in 1D time frame and making re-test in 4H time frame after the breakage of upper trend line resistance. It can give a good benefit in coming days in long position.
MKR Short Set upMKR made the double top in 1D TF , RSI is oversold and breaking the trend line to downside. A swing trade with MKR will give a good profit
Bear Flag, Diversion in Volume. ENS ENS is making a bear flag in 1D time frame and having a diversion in volume. Price increased but volume decreased which means it's gonna turn in to a downtrend. A swing trade for Short with ENS will be fruitful
BTC Long - Expected movement in the coming days. 1D TF BTC is at strong support of the 19800-19600 area, It seems that BTC will move up to 19900 and then it will test a lower trendline at 19250, and then it will go up to the 20400 area. We can see a bit of bullish movement in the coming week.
BTC long term scenario BTC Long terms movement scenario!!
If BTC is able to break the upper line of the falling wedge at the current price level then it can make a bullish up to 40K but if it remains inside the falling wedge then we can see two more low to BTC up to 17500 and 12500.
BTC Short from 19500 - 19400 zone BTC moved perfectly as predicted - now taking the support of the first mention zone- I assume it will pump back up to 19400-19500 and then come down again. let's see
BTC Short - Wait for re-test The expected scenario of BTC
BTC will re-test the lower trendline at the 19200-19300 area and if gets rejected it will go all way down up to 18500-18K
ETH movement - o2 possible scenario ETH - 02 possible scenarios ahead - If breaks the upper trendline then it can go further high up to 1680 and if get a rejection from upper trend line then will go below up to 1500.
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Here looking at the chart I can tell that history might repeated itself. With good R:R at the current moment i'm targeting those there green lines as my sell orders. Remember, this mid-term game and it ain't for y'all that loves shortcoming's unless you're ejaculat*d too early.
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