Possible Bearish scenario analysis

CME:BTC1!   Bitcoin CME Futures
we are going to analysis two possibility , bearish and bullish scenario
which we are going to talk about the bearish scenario in this post and next post for bullish scenario.

we have two possible movement with in this bearish scenario.
1- retracing from the current area of 10200 - 9900 toward 7700-7300
2- going upward to 11200 area and then retrace back towards 9000 area and then 7700 area ( in the bullish scenario we may bounce back upward from 9000 to the upside)
we shall cover the bullish scenario in the next post .
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Possible Bearish scenario analysis


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