muss3rwilliam

#BTC Possible Direction based on the current Zone level 3

COINBASE:BTCUSD   Bitcoin
Hi after some careful consideration I think max fear is in. I do also think there is a good possibility of another pull back with the FED meeting and or a short term pull back on some random news. But as long as we hold the current Zone level 3 there is a possibility for more upside. Will this upside stay to the upside only time will tell but current price action is looking like we have potential for a explosive move to the upside as high as 53k bringing BTC back into the zone level 3. This is taking a lot not to be bias but I think there is a good possibility for a decent play here. I would not be looking for a leverage position here but more of a buy and sell maybe consider setting a stop loss under the zone level 3 by at least a 10% drop below it and you should be good for a entry with minimal loss. Be careful as this is all an analysis take what I am telling you with a grain of salt and just as an indicator of current market direction. The Orange Lines are the current Resistances and Support, while I show possible Directions with the green and yellow arrow markers on the screen. And the rejection of the zone with a possible right shoulder forming at the high. Yes I know I am calling the shoulder way to early but it only make sense with the current waves we are moving in.

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