Some Scenarios @BTC

BITSTAMP:BTCUSD   Bitcoin / Dollar
202 2 2
The current situation has a potential Indecision at hands wich could form between the Pink Supplyline and the
Blue Demandline with 900 beeing the Middlepoint.

However any successfull retest of 845 / the lows @800 are bullish and a rallie could start to test 1000 yet again
if 1000 holds again we could form a range between 1000 beeing resistance and 800 acting as support
any lower high towards 1000 could lead to indecsion as pointed out at the begining .

A break of the blue demandline aswell as a break of 845 / low 800 will lead to 740 or worse. we shall see

only look for trades at the extremes 1000 / 845ish / 740 if a indecision should form wait till it resovles itself eitherway
and keep an eye on the markets reaction to it as this could lead to a new momentum driven rally or decline..
3 years ago
Agreed. Perfect and simple summary of how the market will play out. Thanks for the share
3 years ago
yo , seems like the indecision plays out in alil tighter rang as first excpected.. ie. 900 and 845 with 865 beeing the MP .. however a breakout to either side will provide us with a clearer picture
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