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ramandeep_josen
Jun 22, 2020 4:47 AM

BTCUSD decision time is upon us! 2 scenarios outcome 

Bitcoin / U.S. dollarBitstamp

Description

BTCUSD decision time is coming upon us!

Descending Triangle is coming to an end! I see two possible outcomes:

1) Bullish- we break the downward trendline and pass 9.8k- we then MUST FINALLY break the PESKY 10.5k resistance and then it will be full steam ahead from there. If we break the trendline but don't break 10.5k we're headed back down

2) Bearish- we break down from the long-standing 9.3k support- from here the next stop will be 8.6k but if that breaks we're headed to the ever important 7.7k support level.

What do you guys think?!? Would love to get some feedback!

Thanks for viewing :)
Comments
PurpleCrypto
Either way is possible.

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