Hello traders!
Previously i was expecting a retracement from the resistive trendline towards the support trendline and it move like it was supposed to move, it's about 5% dip.
Now the supportive trendline is broken and the trendline is always formed to be broke not to hold price.
Normally I don't put multiple directions to confuse the traders but this time I am predicting the move early the move is not clear yet, but moves are limited and I know how BTC will play and we will not fight with broker/BTC but we will move together with them.
I have drawn two scenarios on the chart
Scenario 1:
If BTC moves up and retests the trendline then we can buy after a little retracement. It's the time when traders will sell and we will buy. Long-term buyers must not be happy if Btc pumps from here because this bullish move will end at 44K. Scenario 2 is more in favor of long-term buyers than scenario 1.
Scenario 2:
In scenario 2 if the market dumps from here then we will find a better opportunity to buy from the bottom and if there is a dump then it will open a key towards 50K. BTC can dump from here and we will find a better opportunity and will buy from the bottom.
BTC can also push up from here towards 41500-41800 and if it pushed up without giving any reaction at the broken trendline then this move will also count in scenario 2 because after that it will dump.
The true reversal point is at 39300. The true reversal point is a strategy that shows a pinpoint reversal point.
Don't forget to hit the like button and follow to stay connected
Previously i was expecting a retracement from the resistive trendline towards the support trendline and it move like it was supposed to move, it's about 5% dip.
Now the supportive trendline is broken and the trendline is always formed to be broke not to hold price.
Normally I don't put multiple directions to confuse the traders but this time I am predicting the move early the move is not clear yet, but moves are limited and I know how BTC will play and we will not fight with broker/BTC but we will move together with them.
I have drawn two scenarios on the chart
Scenario 1:
If BTC moves up and retests the trendline then we can buy after a little retracement. It's the time when traders will sell and we will buy. Long-term buyers must not be happy if Btc pumps from here because this bullish move will end at 44K. Scenario 2 is more in favor of long-term buyers than scenario 1.
Scenario 2:
In scenario 2 if the market dumps from here then we will find a better opportunity to buy from the bottom and if there is a dump then it will open a key towards 50K. BTC can dump from here and we will find a better opportunity and will buy from the bottom.
BTC can also push up from here towards 41500-41800 and if it pushed up without giving any reaction at the broken trendline then this move will also count in scenario 2 because after that it will dump.
The true reversal point is at 39300. The true reversal point is a strategy that shows a pinpoint reversal point.
Don't forget to hit the like button and follow to stay connected
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.