BTC scenarios from 1D TF and Global Trend Line Effect
π π Another angle point of view at BTC
showing a possible retest towards the pattern that was broken down... this scenario will also trigger the Gold Cross π
From the global WTF (-not wtf- but Weekly Time Frame ok? ππ).... we can see the Weekly/Monthly trend line the blue dashed line which was broken up but there was no retrace yet... this can mean that if 200EMA fight is lost and broken down we might see retrace towards the yellow supports first and if all broken (pessimistic scenario) we will eventually retrace to the global trend line.
Optimistic scenario is obvious, we bounce off nicely of the EMA and bull up towards the next supply zone 24-25k green arrows
showing a possible retest towards the pattern that was broken down... this scenario will also trigger the Gold Cross π
From the global WTF (-not wtf- but Weekly Time Frame ok? ππ).... we can see the Weekly/Monthly trend line the blue dashed line which was broken up but there was no retrace yet... this can mean that if 200EMA fight is lost and broken down we might see retrace towards the yellow supports first and if all broken (pessimistic scenario) we will eventually retrace to the global trend line.
Optimistic scenario is obvious, we bounce off nicely of the EMA and bull up towards the next supply zone 24-25k green arrows