There was no change in the price action of Bitcoin since yesterday.
Bitcoin's daily candle closed as a doji and it is trading as a doji today.
In the intraday chart, BTCUSD continued to test $16,929 and, above it, Bitcoin will move towards $17,688.
As long as it remain below $16,929, we will see more choppy price action.
Today I follow the below scenarios.
Scenario 1. A strong closure above $17,688 will make Bitcoin more bullish, but it will remain choppy towards $18,981.
Scenario 2. A re-test and rejection of $17,688 will push Bitcoin down towards $13,447-14,403 and, possibly, lower.
Scenario 3. A strong closure below $15,678 will push Bitcoin down towards $13,447-14,403 and, possibly, lower.
Scenario 4. A rejection of $13,447-14,403 with a strong price action will push Bitcoin up towards $17,688 and higher.
Bitcoin's daily candle closed as a doji and it is trading as a doji today.
In the intraday chart, BTCUSD continued to test $16,929 and, above it, Bitcoin will move towards $17,688.
As long as it remain below $16,929, we will see more choppy price action.
Today I follow the below scenarios.
Scenario 1. A strong closure above $17,688 will make Bitcoin more bullish, but it will remain choppy towards $18,981.
Scenario 2. A re-test and rejection of $17,688 will push Bitcoin down towards $13,447-14,403 and, possibly, lower.
Scenario 3. A strong closure below $15,678 will push Bitcoin down towards $13,447-14,403 and, possibly, lower.
Scenario 4. A rejection of $13,447-14,403 with a strong price action will push Bitcoin up towards $17,688 and higher.
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Avoid Complexities and Boost Your Trading Performance!
Avoid Complexities and Boost Your Trading Performance!