engmmohie

BTC to 6376 by 5th of June or may be 2780 !!!!

Short
engmmohie Updated   
BINANCE:BTCUSDT   Bitcoin / TetherUS
In my last post i told you that we have 2 scenarios, either going to 10K or 6.4K and i told you that i was neutral till 25/5
You can check it:

And now it's 25/5 and this is the update:
It's very clear that Market went bearish, We have sold @ 8500 so no worry now but what would happen?
Actually, there are 2 scenarios:
1- Price will go up to 8173 (Marked zone) and then drop back to 6.4K level , if that happened then you have to sell in the marked zone and buy at 6400 (80% this will happen)
OR
2- Level 7250 will broken and we can see not only 6400 but also we may see 3680 and 2780 (20% this may happen) (if that happened i will update the chart later)

If you are in loss now then try to catch the chance to sell in the mentioned zone if price reached it.

Stay tuned for updates
________________________
Questions are welcome
Comment:
The next candle is at the blue dotted line. I expect a strong movement in next hours.
Comment:
Can you see what happened at the specified time !!!
Comment:
From this pattern i can expect that 1st short term target for BTC = 7700
Comment:
Many friends are asking me for BTC update, The only update i can say that we are at scenario 2 "Most probably" We will not continue the drop beyond 6400 and i expect a bounce of the price by 5th of June Max. For me i have set my buy order @ 6450~6500
Comment:
Can you see how the price is moving in the drawn triangle?
this is the last update
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.