w90vs

BTC/USDT | Up or down?

w90vs Updated   
KUCOIN:BTCUSDT   Bitcoin / Tether
In my opinion there are two scenario's for btcusdt at this moment, which both can be traded.

Scenario 1 (green)
btcusdt breaks the blue line and bounces on the local resistance at 32700. After that, I expect a rebounce on the blue line and a climb to the upper blue line.
After bounce of blue line = nice entry point for long

Scenario 2 (red)
btcusdt bounces on the blue line and a fall to 31k
After bounce of blue line = nice entry point for short

No financial advice
Comment:
Scenario 1 it is :)
Blue line is broken and btc bounced on local restistance at 32700. I expect a rebounce on the blue line and a climb to the upper blue line.
After bounce of blue line = nice entry point for long

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.