BTC (Y20.P5.E15).Price Action scenario's

9 Ara 2020

Ref. z.chart

Hi All,

We can potentially find support here and keep this line as the trend. (ref.D.chart)


The other scenario is the price action where the orange box area is the target.
It has confluence with many elements, MA, Fib Levels, CME and NasDaq gap. These elements explained in the previous post







Regards,
S.SAri


Previous post related to this top formation

9 Ara 2020

Not

9 Ara 2020

Not

9 Ara 2020

Not

Perfect with the current chart where the target matches the height of the triangle

9 Ara 2020

Not

9 Ara 2020

Not

hidden bullish divergence

11 Ara 2020

Not

The bullish scenario, support at this level otherwise a deeper pullback if this doesn't hold.

13 Ara 2020

Not