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zergbur
Jan 14, 2020 8:33 AM

BTC scenarios and ranges, possible reversal Long

Bitcoin / DollarBitfinex

Description

Possible reversal. Shorts below the red range fueling the rally to red range highs (and above?)

Comment

If it breaks back down to the green range I think it will dump below the previous lows (6.5k) to at least 5.2k or around the 200 Weekly MA. If that fails we'll retest the lows.

Comment

Just to add: the white boxes outside the green range represent a swing failure pattern used to fuel a move to the opposite direction and below/above the previous range high/low, trapping shorts and longs as it went forward
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