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Babenski
May 31, 2022 12:47 AM
BTC weekly update: which pathway ?
BITSTAMP:BTCUSD
1W
Bitcoin / U.S. dollar
Bitstamp
Description
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May 31, 2022 12:47 AM
BTC / USDT
On weekly view BTC is bouncing from 200W EMA and currently is retesting the previous strong S/R
This area mainly for watching
Scenario 1: Breakout
Make strong breakout and close weekly above 36k then we can see new bullish move again
Scenario 2 : bearish retest
If we see strong rejection here with loss of 28k again this time i think we will head much lower levels
Based on reaction here we will know the next move
What do you think the most possible scenario ? Share with us in comment section below
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Comments
ZachRxc
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May 31, 2022 1:03 AM
it is guessing really.... but something is telling me that we will go back down. Which might be painful for now but, in the long run it will be better for everyone.
Babenski
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May 31, 2022 1:09 AM
@ZachRxc
nice view lets see what will happen here
Vibranium_Capital
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May 31, 2022 7:09 PM
@ZachRxc
, its gambling lol
Doyren
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Jun 5, 2022 9:54 PM
So in other news, it will go up or down, amazing analysis!
PolarHusk
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Jun 1, 2022 7:47 PM
Very good idea, thanks for sharing your analysis.
ACrypto9
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Jun 1, 2022 3:33 PM
Can u take a look on anc pls 🙏🏼
Solldy
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May 31, 2022 6:35 PM
The market now, unfortunately, is boring, but in general the idea is not a bad one. I think we can get at least a small profit from this idea.
KlejdiCuni
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May 31, 2022 6:10 PM
Thanks for sharing your BTC/USD idea!
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