As you can see, We have 2 main areas on this chart! The resistance around 2900 and the support area around 2340-2280 Based on the structure that has been shaped clearly (W), we can expect more highs but if the price loses the support area, I suppose more dip to the level 1200
Always check the USDT.D Index to make a better decision!
hello javanmeh wich senario is more likly to happen upo or douwn , i belived its down as a healthy correction is verrry good for an uptrend but affter the eip we could see somthing new
javanmeh
⋅
@itrade6151, Hi dear friend, i believe the bearish scenario in whole the market! I think market has not accomplished its real correction.
In other hand! (W) is a powerful bullish structure!
I'm still thinking that this recent bullish impulse is a sort of (B Trap)
poidogofficial
⋅
Pick a side brother. Ofcourse it could go either way.
javanmeh
⋅
@poidogofficial, this is a wrong idea that makes people lose their money!
Market is able to change its direction in every moment! If you are an analyst then you must pay attention to key levels, and if so, you always would have two scenarios for trading!
Beside that, you can see the fletchers on the chart! It says, (if) the price breaks the key level, (then) the price is able to continue that way!
I hope you get it
EssStSt
⋅
1200 would be awesome, but unless BTC crashes hard, like sub 25k, its not gonna happen:)
javanmeh
⋅
@EssStSt, I remember the time BTC was over 64k, and I said "it will fall down to the 20k" everybody said "its not gonna happen"
Beside that, I explained it clearly if you read the caption carefully