heroselohim

BTC channels ups and downs

heroselohim Updated   
BINANCE:BTCUSDT   Bitcoin / TetherUS
On this chart I will try to pinpoint two potential paths for BTC.

The second path is the "A" because I see higher probabilities for that one.

It is common that when BTC gets taken by bears it will have two falls. May be the price could have as objective the 54k to 53k price target.

But before going for that price it will attempt a bull run after on the third arc (yellow dotted), may be sooner. On good conditions this bull run could keep its way up.

I see higher probabilities that the most probable scenario will be an up compensation and then a strong way down up to 53k as shown below on my previous chart (below) following the blue curved channels (aprox).

I know this chart tries to have too much precision but it is not my intention to predict a future scenario. It attempts to combine common patterns with some trajectories and current momentum

This chart below is my previous publishing on the bigger scale of things...

Comment:
Just sharing my personal charts for learning purposes only. This is not an investment recommendation.

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.