BTC scenarios 24th of August 2021

BITSTAMP:BTCUSD   Bitcoin / U.S. Dollar
Hi guys, we can see that BTC is an ascending channel that got rejected at the 0.618 fib extension from the move up since the 28k zone.

bull : we go to the 54k area. This is can happen if the bull divs that are forming on lower timeframes will continue to build up and sustain the move.
bear : we go to the 42k area and maybe lower at the 36k $ area. This move should happen if we consider the EW ABC correction ( I do ) and is somewhat confirmed by the bear divs that kept forming on higher timeframes. If this is the case we should see this move in the next 3-4 days and it would present a great opportunity for buying.

Trade safely guys, this is not financial advice !