Bitcoin Analyze (Scenarios)!!!๐ง
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
ืืขืจื:
Bitcoin Analyze (Road Map)!!!๐บ๏ธ
ืืขืจื:
Bitcoin Analyze (Road Map_Short Term)!!!๐บ๏ธ (Update)
ืืขืจื:
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
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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๐if you want to learn Technical Analysis = Please Contact me
๐if you want to learn Technical Analysis = Please Contact me
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