malk

BTCUSD possible scenarios past 20k reversal.

BITFINEX:BTCUSD   Bitcoin / U.S. Dollar
Thoughts on BTC             at this moment.

Currently in rising wedge , expecting a break upwards to challenge resistance at 16k. Need to watch price action past 16k as this could be area of reversal and formation of right shoulder.
BTC             often reks H&D's but it is still a possibility.
If daily candle closes above 17.5k, expect mega moon.

Proceed with caution.
Comment: W double bottom with Diamond reversal.
4h closed above 200 EMA.
Feeling very bullish atm but still need to see $16-17.5k cleared.
Comment: Full bearish scenario if we do get heavy rejection after touching $16-17.5k
Thank you for sharing your great analysis! Keep it up :)
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Great analysis. Let's see what happens at the 16k range. Thanks for the tips.
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