Bullish Scenario :
BTC retraces till $6300 - $6250 (Yellow Box) range and then start wave 5 till $6600 - 6670 range ( Green Box)
Bearish Scenario :
BTC retraces till $6300 - $6250 (Yellow Box) range and then retraces further till $6170 - $6100 (Red Box)
In past 1 month 100 day MA has acted a solid resistance on 4HR time frame.
For being bullish it needs to make 100 day MA as support.
Comments and opinions welcome :)
Regards,
Cryptosync
BTC retraces till $6300 - $6250 (Yellow Box) range and then start wave 5 till $6600 - 6670 range ( Green Box)
Bearish Scenario :
BTC retraces till $6300 - $6250 (Yellow Box) range and then retraces further till $6170 - $6100 (Red Box)
In past 1 month 100 day MA has acted a solid resistance on 4HR time frame.
For being bullish it needs to make 100 day MA as support.
Comments and opinions welcome :)
Regards,
Cryptosync
Trade closed: target reached:
Bullish Scenario played well as expected. Both targets acheived. Trades closed.