BTCUSD - What's next!?
Aktualisiert
BTC make a crazy move yesterday, broke the downtrend, 50% Fibonacci and weekly resistance at 9580 level, but it can't close over the 61% Fibonacci which meets the 200 MA on the daily chart.
Scenarios:
1- BTC take a short run to the 50% Monthly Fibonacci at 9945 level before it go down to make a correction.
2- BTC rebounded from the 61% Daily Fibonacci to test the 50% Fibonacci at 9060 level which meets with 25 MA.
Scenarios:
1- BTC take a short run to the 50% Monthly Fibonacci at 9945 level before it go down to make a correction.
2- BTC rebounded from the 61% Daily Fibonacci to test the 50% Fibonacci at 9060 level which meets with 25 MA.
Anmerkung
BTC broke the short ascending channel, 50% Fibonacci and 25 MA.It still over the broken downtrend, but looking to the volume we can see that the bears still stronger than bulls and it will broke the downtrend again and drops to 8400 level 38% Fibonacci.
If the bulls fails to save BTC from this level, it will go to 7800 level which meets with the center line of the descending channel.
If this scenario done, it will bring head and shoulder pattern to the market, which it targets will be the bottom line of the descending channel about 5000$.
So, let's watch and I will update later.
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