Bitcoin's Two Possible Scenarios!!

31 Jul 2022

Hello to all members of TradingView and my followers.

There are two possible scenarios for Bitcoin.

First scenario:
In the 4-hour timeframe, two support boxes can be seen at $23500 and $22000, and due to the price being at the ceiling of the channel, Bitcoin still maintains the $23500 box, and if the 4-hour candle breaks this support, the movement will continue until around the $22200 box. And the next rising wave will continue until $26000.

31 Jul 2022

Dagangan aktif

Second scenario:
In the 4-hour timeframe, if the channel's upper band is broken, a new bullish wave will be created, which can increase the price to $30,000. So, the two most suitable points for the first entry in case of a fall to around $22,200, and the next most suitable point is the break of the channel's upper band.

Good luck!