BITCOIN - WHAT TO EXPECT IN SHORT TERM? - CryptoManiac101

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BTC / USD TA

Here we are looking at 3 short term scenarios which are possible for Bitcoin.

SCENARIO 1 - BULLISH

In this scenario we find support around $9,000 - $9,400 with breakout before mid August.

SCENARIO 2 - BEARISH

This is most popular idea around bears. We drop towards mid 7,700 with wicks down towards low $7,000

SCENARIO 3 - BULLISH

In this scenario we expect breakout towards mid to high $12,000 We expect breakout to occur during first week of August.

Hedging your Longs/Shorts at these levels is your best bet if you're an advanced or pro trader. For safer trade you would want to hedge according to Scenario 3 while bears should continue targeting low $7,000 on firm support break of $9,250

Don't forget to leave a LIKE for support!

BTC - THIS WILL NEVER HAPPEN UNLESS IT HAPPENS - CryptoManiac101


BTC IS ABOUT TO MAKE A VERY IMPORTANT DECISION - CryptoManiac101

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Important thing to remember that directional movement is still bullish with longer term trend line staying in tact!
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To be in any active trade right now is extremely risky
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Bounced just as expected
Beyond Technical AnalysisBitcoin (Cryptocurrency)bitcoinusdBTCBTCUSDHarmonic PatternsTrend Analysis

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