Zen_3_6_9

BTC (Current thoughts)

Short
BINANCE:BTCUSD   Bitcoin / U.S. Dollar
(Most likely medium-term scenario)

I think if we see a bearish breakout of this ascending channel we have been in since Jun 26, we would likely see an aggressive shakeout giving the bears the legs needed to target the 30k levels and below relatively soon after the break.


However, like I mentioned yesterday a solid breakout above the 20 EMA /high at 35.5k and a successful retest of this level would definitely push the boat in the bulls favour.

In conclusion, just by judging the current price action and weighing up the pros and cons for both bullish and bearish scenarios playing out (medium-term), my bias is still pushed more towards the bearish side for now.

Comments

Very accurately predicted mate
+1 Reply
Zen_3_6_9 ArnoldLayne7
@ArnoldLayne7, Thank you Arnold I appreciate the kind words man.
Reply
Nice and realistic work, thanks.
+1 Reply
@Gyuroo Thats what we focus on, glad you found some value Gyuroo💪🏼
Reply
I was confused 😕 ,but noe you clarified it ,
thanks alot
Keep posting
+1 Reply
Zen_3_6_9 rohanrajtamta17
@rohanrajtamta17 Appreciate it, glad you found some value. 👍🏼
+1 Reply