rfelchuk

BTCUSD: resistance resisted. The end for bulls?

BYBIT:BTCUSD   Bitcoin / U.S. Dollar
Hello guys and gerlz!

Having successfully foreseen BTC bullish rally from 7Keks to 9Keks it is now my time to reconsider trading idea.

I am only saying what I see from charts and nothing more.

Following the dump #BTC has approach first S/R level being 8450 from where bulls stepped out strong.

Price now is fighting for 8680 which pushes from above. What can I expect next?:

Bullish scenario:
If bulls break out 8680 I see good chances at least to test 8840. Any successful attempt to hold above this level make me think we go back to 9Keks pretty soon and higher onwards.

Case 1 breakout happens from current price. No further liquidity probe is needed to make a shot.

Case 2 breakout needs more power which sends price back towards 8470 level, i.e. the lower range of the zone. Eventually bulls break out targeting first 8840.

Bearish scenario:
Current support fails and price deeps down towards next buyer zone 8200 where new consolidation takes place.

Please please please!!! DO NOT forget to comment and like my analysis, agree or disagree, regard to disregard! Action is better than no action! Appreciate it!

Love you all! Trade safely!
Comment: Okay so we approached the green zone. Expecting some aggressive buying from 8200

Comment: this is something, I'm telling ya

Comment: just IF...

Comment: oh my gosh... price's chasing my ideas. sue it!

Comment: just if...

Comment: Mamma Mia Deva Maria

What am I doing man?

I focking mastering it!

Comment: I gonna be kidding but...

Comments

Good job
+1 Reply
Thanks
+1 Reply
rfelchuk Saeed966
@Saeed966, you welcome bruh
Reply
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