BTC all possible scenarios covered
BTC/USDT 4H analysis
As we are seeing now, BTC have formed a descending triangle that could lead into 2 different scenarios:
1- If BTC breaks below the 29k area then it should continue to the 26k-28k area then we will wait again and if It breaks below this new area, it would go even further down to the 24k-22k area, if it breaks below the 22k, it could continue to 2018 All-Time High (19k-20k).
2- It could break out of the triangle above the 34k area so we would see a big move to the upside.
PS: It could happen anytime and no one knows which way it will break to, there is fundamental for both sides (Bulls and Bears), and you cannot know to which area it will go, you should wait and see it reaction on the areas mentioned above
As we are seeing now, BTC have formed a descending triangle that could lead into 2 different scenarios:
1- If BTC breaks below the 29k area then it should continue to the 26k-28k area then we will wait again and if It breaks below this new area, it would go even further down to the 24k-22k area, if it breaks below the 22k, it could continue to 2018 All-Time High (19k-20k).
2- It could break out of the triangle above the 34k area so we would see a big move to the upside.
PS: It could happen anytime and no one knows which way it will break to, there is fundamental for both sides (Bulls and Bears), and you cannot know to which area it will go, you should wait and see it reaction on the areas mentioned above
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