Bitcoin Analyze (Scenarios)!!!ð§
āļāļĩāđāļāļąāļāđāļāļ:
Hi, probably when you are reading this post, you are confusedðĪ that what will happen for Bitcoin. I tried to specify two scenarios that can happen in the next few days.
Bitcoin Analyze ( BTCUSDT ) Timeframe 12hâ°
Locationð: about the location of Bitcoin, please read my post with the topic ''Bitcoin Analyze( Road Mapðšïļ)!!!''.
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.
ðī 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.
ðī 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.
ðīResistance 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$
âïļSignâïļ: 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$, probably Bitcoin will arrive at 40888$ againð
ðīRSI 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.ð
ðīNovember candlestick pattern: we can find ðŦShooting StarðŦPattern ( Bearish ) = The trigger was activated. ð
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 â 'like'â button ðð & Share it with your friends, Thanks, and Trade safe
Bitcoin Analyze ( BTCUSDT ) Timeframe 12hâ°
Locationð: about the location of Bitcoin, please read my post with the topic ''Bitcoin Analyze( Road Mapðšïļ)!!!''.
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.
ðī 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.
ðī 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.
ðīResistance 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$
âïļSignâïļ: 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$, probably Bitcoin will arrive at 40888$ againð
ðīRSI 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.ð
ðīNovember candlestick pattern: we can find ðŦShooting StarðŦPattern ( Bearish ) = The trigger was activated. ð
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 â 'like'â button ðð & Share it with your friends, Thanks, and Trade safe
āļāļąāļāļāļķāļāļāđāļ§āļĒāļāļģ
Bitcoin Analyze (Road Map)!!!ðšïļ
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Bitcoin Analyze (Road Map_Short Term)!!!ðšïļ (Update)
āļāļąāļāļāļķāļāļāđāļ§āļĒāļāļģ
Bitcoin AnalyzeâïļUpdateâïļ
Head and Shoulder Pattern's Target was touched three days agoâïļ
Still the market is Bearishâïļ
Bitcoin needs to give back Support Line 2 âïļ(Bitcoin lost all support lines, this is not good news)âïļ
Timeframe Dailyâ°
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