Hello Cryptofriends,
From a realistic point of view, BTC can not drop only to the 20K support zone but even to the 10K support zone which seems to be the strongest of all.
The first scenario is based on the 1W candle. If this candle will find support on the 100MA, BTC will return on ATH making a bullish rectangle.
The second scenario is based on the double top pattern which will occur if the 1W candle will not find support on the 100MA.
Then, BTC will fall to the 20K support zone and will bounce back to the 30K resistance zone. Accordingly, it will fall back to the 20K zone and it will bounce back harder.
The third and the most possible scenario in my mind is based on the AB=CD pattern which is very clear and obvious now.
This scenario is the most pessimistic of all, however, this correction will give BTC the opportunity to make a lot of ATH in the near future.
Share your opinion about these scenarios in the comment section and let me know if you agree or disagree with them.
Peace!
From a realistic point of view, BTC can not drop only to the 20K support zone but even to the 10K support zone which seems to be the strongest of all.
The first scenario is based on the 1W candle. If this candle will find support on the 100MA, BTC will return on ATH making a bullish rectangle.
The second scenario is based on the double top pattern which will occur if the 1W candle will not find support on the 100MA.
Then, BTC will fall to the 20K support zone and will bounce back to the 30K resistance zone. Accordingly, it will fall back to the 20K zone and it will bounce back harder.
The third and the most possible scenario in my mind is based on the AB=CD pattern which is very clear and obvious now.
This scenario is the most pessimistic of all, however, this correction will give BTC the opportunity to make a lot of ATH in the near future.
Share your opinion about these scenarios in the comment section and let me know if you agree or disagree with them.
Peace!