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Sparkster
Apr 30, 2020 11:28 AM

Bitcoin Scenarios for Halving and Breakout Long

Bitcoin / U. S. DollarKraken

Description

Current scenarios on the 3 day chart:
  • After the big 3 day candle which closed yesterday, we're now waiting 3 days for the current candle to close. A close near current price will create a spinning top or indecision candle, which will suggest a strong move upwards (see blue box)
  • Alternatively as per red box: possible dip to find support around $7425 as a launching pad for breaking through long-term strong resistance trendlines above.


Shorter time-frame analyses to follow to track the scenarios as they develop.
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