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!
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.