btc made a head and shoulders bottom litterally at the top!!
4 hours time frame.
high probability of success is high duo to btc popularity elon musk etc
a breakout will push price to 70-80 and a possible wooping 100k
how will it play out?
it's already being played out as price found small support at 59k and pushed to 61k
if 59 breaks more sideways action is possible
but the structure could still play out if it doesnt go below 58.7
even if it doesnt play out i'm still pretty bullish..
how will a bearish move play out?
ofc the fail of the formation and the breakdown of 55k support would be extreamly bearish and still the critical support is 50k!
current evidence suggests we're at a 70% bullish scenerio .
btc currently is in a strong position with a high reward probability in long
this is my idea and my opinion.
this is not a financial advise
high probability of success is high duo to btc popularity elon musk etc
a breakout will push price to 70-80 and a possible wooping 100k
how will it play out?
it's already being played out as price found small support at 59k and pushed to 61k
if 59 breaks more sideways action is possible
but the structure could still play out if it doesnt go below 58.7
even if it doesnt play out i'm still pretty bullish..
how will a bearish move play out?
ofc the fail of the formation and the breakdown of 55k support would be extreamly bearish and still the critical support is 50k!
current evidence suggests we're at a 70% bullish scenerio .
btc currently is in a strong position with a high reward probability in long
this is my idea and my opinion.
this is not a financial advise
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