BTC Possible Paths, Uncertainty!!!
BTC looks shaky with the breakout being rejected.
Dark Green 30% : We seem to be finding support at the previous resistance, if this holds we could see further upside. (DXY looks to be showing weakness as well, and might loose support)
Light Green 50%: BTC fails to hold past resistance/support and fall fully back into the channel. While bad for your wallet, this is stable and would likely continue the channel.
Orange 20%: BTC fails to hold the bottom channel and will fall down to retest the Global Low. This would be dangerous, but not impossible, as double bottoms are not unusual.
Which do you think is the likely outcome, Vote Below!
Dark Green 30% : We seem to be finding support at the previous resistance, if this holds we could see further upside. (DXY looks to be showing weakness as well, and might loose support)
Light Green 50%: BTC fails to hold past resistance/support and fall fully back into the channel. While bad for your wallet, this is stable and would likely continue the channel.
Orange 20%: BTC fails to hold the bottom channel and will fall down to retest the Global Low. This would be dangerous, but not impossible, as double bottoms are not unusual.
Which do you think is the likely outcome, Vote Below!
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Penafian
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