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Babenski
May 31, 2022 12:47 AM

BTC weekly update: which pathway ? 

Bitcoin / U.S. dollarBitstamp

Description

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
Comments
ZachRxc
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
@ZachRxc nice view lets see what will happen here
Vibranium_Capital
@ZachRxc, its gambling lol
Doyren
So in other news, it will go up or down, amazing analysis!
PolarHusk
Very good idea, thanks for sharing your analysis.
ACrypto9
Can u take a look on anc pls 🙏🏼
Solldy
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
Thanks for sharing your BTC/USD idea!
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