This is the three scenarios that I have in mind for BTC. I acknowledge that we are still in a bearish downward trend the scenarios are dependent on the news we get today. therefore the scenarios are such:
1. We lose the current support and backtest the bear flag before going down to visit the lows.
2. we backtest 23k before going down
3. or we visit the bearish trendline around 26k (might overshoot because we know how btc loves to do that) before going down.
Personally I feel like we have not yet had a test of the trendline in a while... and while we are soooo close to it, i feel like (if we get positive news today) we are going to test the trendline. 26k is my target at which I am gonna deload all my things.
Excuse the messy looking chart, the arrows don't make it look nice...
1. We lose the current support and backtest the bear flag before going down to visit the lows.
2. we backtest 23k before going down
3. or we visit the bearish trendline around 26k (might overshoot because we know how btc loves to do that) before going down.
Personally I feel like we have not yet had a test of the trendline in a while... and while we are soooo close to it, i feel like (if we get positive news today) we are going to test the trendline. 26k is my target at which I am gonna deload all my things.
Excuse the messy looking chart, the arrows don't make it look nice...