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T_K1907
Mar 3, 2022 9:58 AM

Possible scenarios BTCUSD 

Bitcoin / United States DollarCoinbase

Description

At the moment BTCUSD is in a consolidation. I am expecting three outcomes as you can see. Due to the fact the 4H supply zone that has been touched recently is violated at the 30 minutes timeframe, I am expecting that the price might go higher to touch the 4H supply zone above the that is touched now. For now I would wait for more confirmation before taking a trade. See also my latetst analysis.

Comment

The price still managed to go lower although the 30min did not respect the 4H supply zone it touched above the 50% daily range.

Trade closed: target reached

Comments
FibonacciTheGreat
First higher high then drop

T_K1907
@FibonacciTheGreat, could be working out as you say. The supply zone has been violated and did not give a strong downwards reaction.
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