Hey everyone!
Bullish Scenario: If the 12HR candle close above the 200 EMA then the floodgates will blow open! Bitcoin would retest $8,100 if not higher depending on the volume after closing but if it has a break out like it did at $7,200 I wouldn’t be surprised if we passed $8,100 and went to the resistance at $8,500.
Bearish Scenario: If bitcoin doesn’t close above the 200 EMA on the 12HR then that impulse wave is done and we will retrace back to 7k or $7,100 before finding support again at the .618 fib levels.
IMO: Bears are in control and bitcoin will fall to the support ranges that I just mentioned(THIS IS NOT FINANCIAL ADVICE).
Just my opinion!
Bullish Scenario: If the 12HR candle close above the 200 EMA then the floodgates will blow open! Bitcoin would retest $8,100 if not higher depending on the volume after closing but if it has a break out like it did at $7,200 I wouldn’t be surprised if we passed $8,100 and went to the resistance at $8,500.
Bearish Scenario: If bitcoin doesn’t close above the 200 EMA on the 12HR then that impulse wave is done and we will retrace back to 7k or $7,100 before finding support again at the .618 fib levels.
IMO: Bears are in control and bitcoin will fall to the support ranges that I just mentioned(THIS IS NOT FINANCIAL ADVICE).
Just my opinion!
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.
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.