Two main scenarios for BTC now (important levels)
BEAR
- If we brake the descending structure the bearish target is 41000, then we can consolidate in the new channel for a while
- If we lose 41000 the future is bearish mid/long term (sadly)
BULL
- We must brake 47300 and flip it to support
- Next we must brake 50000 and flip it to support
- Then we got to break 52000-53000 to recover the bullish side
- Ultimate levels to brake then are 58000 and 67500
NOT A FINANCIAL ADVICE
- If we brake the descending structure the bearish target is 41000, then we can consolidate in the new channel for a while
- If we lose 41000 the future is bearish mid/long term (sadly)
BULL
- We must brake 47300 and flip it to support
- Next we must brake 50000 and flip it to support
- Then we got to break 52000-53000 to recover the bullish side
- Ultimate levels to brake then are 58000 and 67500
NOT A FINANCIAL ADVICE
Comment:
*sorry for my grammar fault. "Break" instead of "brake" :facepalm: