BTC Short term
Bullish Scenario = Is BTC forming a W pattern currently. An up move to the upper trendline will confirm it and high probability to the upside is more likely (20.6k)
Bearish Scenario = Or is the BTC 4 hour chart forming a M pattern which is a bearish price pattern. it did however bounce on the lower trendline so keep and eye on it. if it revisits the lower trend line from here, a move to the down side is likely (17.5k levels). also lower highs forming which is also another bearish sign.
Keep an eye on the charts... should have an answer in 12/16 hours or so
Bearish Scenario = Or is the BTC 4 hour chart forming a M pattern which is a bearish price pattern. it did however bounce on the lower trendline so keep and eye on it. if it revisits the lower trend line from here, a move to the down side is likely (17.5k levels). also lower highs forming which is also another bearish sign.
Keep an eye on the charts... should have an answer in 12/16 hours or so
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