BTC / USD TA
Before we start looking at different scenarios, let me just note that imo Halving will have little to no impact on value of Bitcoin this time around, but that's just my opinion, now let's look at different scenarios for Bulls, Bears.
BULL SCENARIO - We break above $9,200 pattern resistance, see NO bull traps on our way towards $9,500 which automatically would green light a psychological target of $10,000 for us in short term.
BEAR SCENARIO - We stay within $8,700 - $9,200 accumulation range for few more days, reject off $9,200 resistance which will be followed up by a colossal sell towards $6,950 followed up by $5,150 and finishing off at around $3,000 ranges (if neither of the 2 supports hold at $7k and $5.2k)
My position - NONE - I have no interest in trading this asset at this time, but it's definitely interesting to watch.
Stay tuned, stay safe and keep in mind that this is solely my opinion and in no way a trading advice.
Before we start looking at different scenarios, let me just note that imo Halving will have little to no impact on value of Bitcoin this time around, but that's just my opinion, now let's look at different scenarios for Bulls, Bears.
BULL SCENARIO - We break above $9,200 pattern resistance, see NO bull traps on our way towards $9,500 which automatically would green light a psychological target of $10,000 for us in short term.
BEAR SCENARIO - We stay within $8,700 - $9,200 accumulation range for few more days, reject off $9,200 resistance which will be followed up by a colossal sell towards $6,950 followed up by $5,150 and finishing off at around $3,000 ranges (if neither of the 2 supports hold at $7k and $5.2k)
My position - NONE - I have no interest in trading this asset at this time, but it's definitely interesting to watch.
Stay tuned, stay safe and keep in mind that this is solely my opinion and in no way a trading advice.
