MohsenCapital

BTC POSSIBLE SCENARIOS UPDATE (9) 2500$ vs 5000$

BITFINEX:BTCUSD   Bitcoin / U.S. Dollar
Traders,

Here we have BTCUSD on 1D chart.

We have many things to talk about BTC directions, all we need to know and confirm at two critical points.

1st point The higher ellipse : Reaching this point means that we have a completed reversible H&S pattern that will lead the price to move upwards 5k levels, also means that we have not the bearish pennant that is taking us to :

2nd Point The lowest ellipse on chart by reaching this point means that we have a strong bearish pennant breaking it down will be obvious on 1W chart here
means that we will see 2k levels at the next weeks, So we have two possible scenarios on the boss coin...trying two show the whole picture to take a right decision at these two critical points.

Kindly check previous ideas for BTC here below:








Regards,
Mohsen
Trade active: TP1: 5100$
Trade closed: target reached
Trade closed: target reached: Leave a comment if you are interested in Update 10 few hours from now

Happy Green days :)
BTC wont fall farther than 3100 if it does that.
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