Here is my oppinion about the possible scenarios for BTC.
The chart use log scale, because I got much better perspective with it.
Bitcoin now is on the channel inside the Big triangle form. The most possible scenarios for me, The first scenario is bitcoin gonna go up to test one more time the upper triangle line price 9800-10000 range, then go down back to the lower triangle and channel line price 8200-8500 range, this major support should not broke, then bitcoin will go up to make a bullish market.
The second scenario (the worst scenario) is if the lower triangle and channel as a major support can't resist and broke, this will allow bitcoin down to 3000-4000 range.
Remember that as you can see on chart, the lower triangle line act as the lower channel line, this is the major major major support line.
Hope this kind of thing help you.
Have a nice trade!
The chart use log scale, because I got much better perspective with it.
Bitcoin now is on the channel inside the Big triangle form. The most possible scenarios for me, The first scenario is bitcoin gonna go up to test one more time the upper triangle line price 9800-10000 range, then go down back to the lower triangle and channel line price 8200-8500 range, this major support should not broke, then bitcoin will go up to make a bullish market.
The second scenario (the worst scenario) is if the lower triangle and channel as a major support can't resist and broke, this will allow bitcoin down to 3000-4000 range.
Remember that as you can see on chart, the lower triangle line act as the lower channel line, this is the major major major support line.
Hope this kind of thing help you.
Have a nice trade!
