This support must hold for BTC to price go up.
💳 #ETH We have two levels — each one creates a scenario. 1st level — 1574, the breakthrough of which will mean that the growth will continue! For this scenario I am prepared, since I already made a purchase. 2nd level — 1425, the breakthrough of which will force the price down to about 1250 and it will grow from there! I have also prepared for this scenario,...
It is going to break the channel . And it will be huge pump ....
AS it has broken triangle previously and now in my opinion printing a bull flag. So lets what happens in next 2 weeks
Currently Bearish Scenerio as 1. bearish wedge of RSI at 15m and 6h tf. 2. Also rising wedge at 15tf. 3. Kind of Bearish Flag Printing Sell Areas - 11350,11388,11406 Take Profit - 11319,11284,11235 Stop Loss - 11461
It will retrace a little and TP is 11427 . With SL -11619
After very small correction it will touch 11500 again.
From January 1st 2020 to 17Sep 2020 , my analysis have profit factor 1.7 . So i am expecting swing short.
Triangle is at last stage and bollinger bands are so much squeezed........ Anytime movement can happen .. I expect Fake Pump then dump hard on sunday.
i storngly believe the triangle will be broken on down side.
I am Mid term Bearish. just expecting some squeeze up to grab liqidity before further move down