Support : 9888 & 9650 & 9050 || Resistance : 10200 & 10550 & 11500.
- Downtrendline from 6 august converges with green pitchfork line on 1 september 2019. i expect a big volatility before that date to either side.. let see what happen.
- Bull scenario : if BTCUSD could made a higher low and break red downtrendline 1 with strong bullish momentum. that way i expect 2nd down trendline (yellow) to be tested 11500 area.
- Bearish scenario : if BTCUSD made a lower low in lower time frame and break the green pitchfork line ( green 1) with strong bearish momentum. i expect around 9050 to be tested first before any continuation bearish target to be seen.
This is how the green pitchfork (support) and yellow pitchfork (resistance) outlook on larger time scale.
- Downtrendline from 6 august converges with green pitchfork line on 1 september 2019. i expect a big volatility before that date to either side.. let see what happen.
- Bull scenario : if BTCUSD could made a higher low and break red downtrendline 1 with strong bullish momentum. that way i expect 2nd down trendline (yellow) to be tested 11500 area.
- Bearish scenario : if BTCUSD made a lower low in lower time frame and break the green pitchfork line ( green 1) with strong bearish momentum. i expect around 9050 to be tested first before any continuation bearish target to be seen.
This is how the green pitchfork (support) and yellow pitchfork (resistance) outlook on larger time scale.