Bitcoin Bearish Scenarios - Not Probable but Good to Prepare
I'm not bearish on Bitcoin until key levels are broken which haven't happened yet. Here's what I see if it happens.
Usually Bitcoin will break in the current trend direction after a symmetrical triangle. If that is what's forming then expect price to print fresh All Time High's!
If it were to break downward:
If Bitcoin were to lose bullish steam and continue downward, these are the areas I would look for as a bounce, based on consolidation patterns, the VPVR, and the 20 Week EMA.
Peace, Love, & Crypto,
B166er
Usually Bitcoin will break in the current trend direction after a symmetrical triangle. If that is what's forming then expect price to print fresh All Time High's!
If it were to break downward:
If Bitcoin were to lose bullish steam and continue downward, these are the areas I would look for as a bounce, based on consolidation patterns, the VPVR, and the 20 Week EMA.
Peace, Love, & Crypto,
B166er
Nota
Bitcoin is in a massive UPTREND so buying below the 4hr ribbon could be a GREAT time to buy!
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Penerbitan berkaitan
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.