Are you'll ready for a BTC's analysis tour? Follow me in 3 Charts...
In 15Minutes Time-Frame, BTC has formed a bullish cup&handle and the neckline has been located on $19500 - $19600.
- So if we get the closings above $19600, Then the breakout will be confirmed and bias could change into bullish, In terms of that; The market can climb to $19925.
- Otherwise, If we get the rejection below the marked blue zone, Then It's very possible for us to locate our Short towards $18800, Once it gets the hold below $19300.
In the bigger picture, We have another two possible scenarios, In continuation of our last scenarios!
- As you can see, BTC has broken below the last week's low and it's total bearish in the first view, But there'll be always a possible deviation on every break. So, If we get the closings above $20000, Then we can confirm the deviation and our second Long towards $22000 will be triggered...
- Also, The bearish phase is still on, So if we get the closings below $18700, Then we can lay on our Shorts again and hold them till $16800.
In our biggest picture today, We can see that the last two analyzes have a continuation relation together and this chart has the last relation with all of the two before!
- Currently, BTC is moving in a bearish pennant, and in terms of a break below, It'll fall again as much as the pole has marked. So, If we get the closings below $18600 or better to say $17600, Then we can confirm our possible dive to $15400.
- But also, There can be a pullback scenario as BTC's still moving into the pennant. So, If we get the closings above $23400, Then we can locate our Longs till $28550.
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