Bitcoin - two scenarios, which one will happen? 🤔🤔
Bitcoin has been trading in a local triangle lately. Yesterday the price broke this triangle down and I am currently expecting clearer formations to trade.
I am now expecting several scenarios:
a) price could come back, test the lower boundary of the triangle as resistance and go lower, towards the marked targets.
b) price could come back, start squeezing, break the trend line, and only then if it successfully tests support, there could be a good moment to buy.
Write in the comments all your questions and instruments analysis of which you want to see.
Friends, push the like button, write a comment, and share with your mates - that would be the best THANK YOU.
P.S. I personally will open entry if the price will show it according to my strategy.
Always make your analysis before a trade
I am now expecting several scenarios:
a) price could come back, test the lower boundary of the triangle as resistance and go lower, towards the marked targets.
b) price could come back, start squeezing, break the trend line, and only then if it successfully tests support, there could be a good moment to buy.
Write in the comments all your questions and instruments analysis of which you want to see.
Friends, push the like button, write a comment, and share with your mates - that would be the best THANK YOU.
P.S. I personally will open entry if the price will show it according to my strategy.
Always make your analysis before a trade
Comment:
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