BTC! 2 more highly probable scenarios I'm watching at the moment
I'm looking at daily timeframe. Although BTC and stock market weekly closed bullish, but BTC was rejected at 24.24.5K very strong and Stock market both S&P and NZD were closed at resistance levels.
At the moment I'm waiting for stock market to open then make a decision. If stock market rejected it will drug BTC to 22.-22.5K level, which will be bullish retest of previous support before reaching 28-30K.
But if Stock market pumps a little bit bcz it has a little room to run up or to make fake break out before expected correction. In this case orange scenario will play out and BTC will pump to 26.6K before expected correction and making new higher low. It is less likely but if stock market smashes through the mentioned resistance without fake breakout and deviation in that case BTC will hit 28-30K in coming days and will be rejected as it is very very strong resistance level. The last scenario less likely bcz I don't think stock market can break current resistance at once.
At the moment I'm waiting for stock market to open then make a decision. If stock market rejected it will drug BTC to 22.-22.5K level, which will be bullish retest of previous support before reaching 28-30K.
But if Stock market pumps a little bit bcz it has a little room to run up or to make fake break out before expected correction. In this case orange scenario will play out and BTC will pump to 26.6K before expected correction and making new higher low. It is less likely but if stock market smashes through the mentioned resistance without fake breakout and deviation in that case BTC will hit 28-30K in coming days and will be rejected as it is very very strong resistance level. The last scenario less likely bcz I don't think stock market can break current resistance at once.
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