A farewell surge before a serious correction or a smooth growth?
Is two key scenarios.
I witness another surge in buying activity in the BTC/USD pair until the end of the year.
The goal is reaching the 19000-20000 range with a possible graze of the 20000 psychological mark. Guys, it has to be done before painting the whole market red at the beginning of the new year! If the “head and shoulders” pattern activates downwards, we will be having a 50% correction and an immersion to the 9000-10000 region. If the price remains in the ascending channel and the neck line resists, the smooth growth to the level of 22000 will follow. I’m keeping both scenarios in my head and take them into account when assessing the market situation as a whole.
Good luck in trading!
I witness another surge in buying activity in the BTC/USD pair until the end of the year.
The goal is reaching the 19000-20000 range with a possible graze of the 20000 psychological mark. Guys, it has to be done before painting the whole market red at the beginning of the new year! If the “head and shoulders” pattern activates downwards, we will be having a 50% correction and an immersion to the 9000-10000 region. If the price remains in the ascending channel and the neck line resists, the smooth growth to the level of 22000 will follow. I’m keeping both scenarios in my head and take them into account when assessing the market situation as a whole.
Good luck in trading!