Hello, I am coming with my second idea on the pair BTCUSDT, as last time I said a head shoulder pattern and it actually became a reality. Today I had some time to see all the time frames and make a mind about a few possible scenario all with almost the same outcome.
1st scenario- In general, it looks still good, although the market is being manipulated a lot, also is very volatile and full of panicked investors. I can potentially see a run to 51-52k first and then after that a run to 55k, although I am uncertain if it can break that resistance with this move or later on. So it divided me in 2 other scenarios: a) It breaks 55k and directly aims for above 60k, in which if it stays and consolidates for a while, has a chance to make an ATH (however it needs very high volume) or b) it rejects at 55k and goes back under 50k for a while, which I think still is going to be a good move, for making the second run to smash that 55k and from that ATH does not look far. So in this scenario, we need to give BTC some time, but I expect after the 1st half of June to the end of July, a huge momentum from BTC, which will make the market go higher with huge percentages. Remember around 16th of June-20th of June, it can get ready for a huge run. 1 day chart, RSI showed a small bullish divergence.
Second Scenario - In this scenario, I see it circulating between 44k-53k, making the market insanely volatile. The worst case scenario here, which I do not want, is breaking under 40k or 41k. That is so risky for the market that it will turn it upside down. However I am positive for the last run of BTC, insanely huge and profitable, in a month and a few days from now. Till then, be careful, be cautious, market is volatile. Most possible scenario is the 1st one. Not a financial advisor, just my idea. Good luck trading. If you have any comment, you are welcome :).
1st scenario- In general, it looks still good, although the market is being manipulated a lot, also is very volatile and full of panicked investors. I can potentially see a run to 51-52k first and then after that a run to 55k, although I am uncertain if it can break that resistance with this move or later on. So it divided me in 2 other scenarios: a) It breaks 55k and directly aims for above 60k, in which if it stays and consolidates for a while, has a chance to make an ATH (however it needs very high volume) or b) it rejects at 55k and goes back under 50k for a while, which I think still is going to be a good move, for making the second run to smash that 55k and from that ATH does not look far. So in this scenario, we need to give BTC some time, but I expect after the 1st half of June to the end of July, a huge momentum from BTC, which will make the market go higher with huge percentages. Remember around 16th of June-20th of June, it can get ready for a huge run. 1 day chart, RSI showed a small bullish divergence.
Second Scenario - In this scenario, I see it circulating between 44k-53k, making the market insanely volatile. The worst case scenario here, which I do not want, is breaking under 40k or 41k. That is so risky for the market that it will turn it upside down. However I am positive for the last run of BTC, insanely huge and profitable, in a month and a few days from now. Till then, be careful, be cautious, market is volatile. Most possible scenario is the 1st one. Not a financial advisor, just my idea. Good luck trading. If you have any comment, you are welcome :).