3 scenarios for BTC
1. Best Scenario = Green line:
-bounce back from 41K-40K
-continue its 5th line on the Rising Wedge
-form new ATH, before it end this Bullrun cycle for good.
2. Most likely scenario = Yellow line
-bounce back from 41K-40K
-held by 51K resistance, and dump back to 40k and finally forms the right shoulder
-continues dump to 30K support
3. Worst case scenario = Red line
- Blows through the 40K support, straight to next 30K support past its Double Top neckline
- dump to last support 10K, and crypto winter till next Bullrun
In the end, all of the outcome is still strongly bearish.
-bounce back from 41K-40K
-continue its 5th line on the Rising Wedge
-form new ATH, before it end this Bullrun cycle for good.
2. Most likely scenario = Yellow line
-bounce back from 41K-40K
-held by 51K resistance, and dump back to 40k and finally forms the right shoulder
-continues dump to 30K support
3. Worst case scenario = Red line
- Blows through the 40K support, straight to next 30K support past its Double Top neckline
- dump to last support 10K, and crypto winter till next Bullrun
In the end, all of the outcome is still strongly bearish.
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