Bitcoin Analyze (Scenarios)!!!๐ง
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Hi, probably when you are reading this post, you are confused๐ค that what will happen for Bitcoin. I tried to specify two scenarios that can happen in the next few days.
Bitcoin Analyze ( BTCUSDT ) Timeframe 12hโฐ
Location๐: about the location of Bitcoin, please read my post with the topic ''Bitcoin Analyze( Road Map๐บ๏ธ)!!!''.
Bitcoin was able to break the necking line of the Head and Shoulder Pattern a few days ago. also, the failure volume was sufficient for a valid failure. so scenario 2 is more possible than scenario 1.
๐ด Scenario 1: Bitcoin can break the heavy resistance zone and start a new journey for taping a new ATH == The head and shoulder pattern will fail.
๐ด Scenario 2: Bitcoin is pulling back to its necking line and finally will break the heavy support zone and the support lines == The head and shoulder pattern's target will touch.
๐ดResistance zones & Support Zones on Bitcoin's way :
Heavy Resistance Zone: 51600$ until 53600$
Heavy Support Zone: 48940$ until 47630$
Heavy Support Zone: 44600$ until 43000$
โ๏ธSignโ๏ธ: if you remember that when we were at around 36000$, Bitcoin touched 48168$ on BITCOIN / TETHERUS PERPETUAL FUTURES , and finally, the price arrived itself to this amount, three days ago we saw the same happens, and Bitcoin dropped down from 53889$ to 40888$, probably Bitcoin will arrive at 40888$ again๐
๐ดRSI Analyze: RSI is moving on descending channel + we watched one of the valid bearish signals for RSI === Bearish Failure Swing. In addition, RSI broke its support line and now is pulling back to it.๐
๐ดNovember candlestick pattern: we can find ๐ซShooting Star๐ซPattern ( Bearish ) = The trigger was activated. ๐
Do not forget to put Stop loss for your positions (For every position you want to open).
Please follow your strategy, this is just my idea, and I will be glad to see your ideas in this post.
Please do not forget the โ 'like'โ button ๐๐ & Share it with your friends, Thanks, and Trade safe
Bitcoin Analyze ( BTCUSDT ) Timeframe 12hโฐ
Location๐: about the location of Bitcoin, please read my post with the topic ''Bitcoin Analyze( Road Map๐บ๏ธ)!!!''.
Bitcoin was able to break the necking line of the Head and Shoulder Pattern a few days ago. also, the failure volume was sufficient for a valid failure. so scenario 2 is more possible than scenario 1.
๐ด Scenario 1: Bitcoin can break the heavy resistance zone and start a new journey for taping a new ATH == The head and shoulder pattern will fail.
๐ด Scenario 2: Bitcoin is pulling back to its necking line and finally will break the heavy support zone and the support lines == The head and shoulder pattern's target will touch.
๐ดResistance zones & Support Zones on Bitcoin's way :
Heavy Resistance Zone: 51600$ until 53600$
Heavy Support Zone: 48940$ until 47630$
Heavy Support Zone: 44600$ until 43000$
โ๏ธSignโ๏ธ: if you remember that when we were at around 36000$, Bitcoin touched 48168$ on BITCOIN / TETHERUS PERPETUAL FUTURES , and finally, the price arrived itself to this amount, three days ago we saw the same happens, and Bitcoin dropped down from 53889$ to 40888$, probably Bitcoin will arrive at 40888$ again๐
๐ดRSI Analyze: RSI is moving on descending channel + we watched one of the valid bearish signals for RSI === Bearish Failure Swing. In addition, RSI broke its support line and now is pulling back to it.๐
๐ดNovember candlestick pattern: we can find ๐ซShooting Star๐ซPattern ( Bearish ) = The trigger was activated. ๐
Do not forget to put Stop loss for your positions (For every position you want to open).
Please follow your strategy, this is just my idea, and I will be glad to see your ideas in this post.
Please do not forget the โ 'like'โ button ๐๐ & Share it with your friends, Thanks, and Trade safe
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Bitcoin Analyze (Road Map)!!!๐บ๏ธ
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Bitcoin Analyze (Road Map_Short Term)!!!๐บ๏ธ (Update)
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Bitcoin Analyzeโ๏ธUpdateโ๏ธ
Head and Shoulder Pattern's Target was touched three days agoโ๏ธ
Still the market is Bearishโ๏ธ
Bitcoin needs to give back Support Line 2 โ๏ธ(Bitcoin lost all support lines, this is not good news)โ๏ธ
Timeframe Dailyโฐ
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๐Contact & Learning Technical Analysis ๐t.me/Ad_ProTrader365
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