Bitcoin Trade the Ranges
Currently looking at 3 scenarios:
A test of the 20k is most probable for me.
Blue scenario: We push through recent high approximately 21800k and finding resistance at 23500 - 23800k
Red scenario: Head and shoulders pattern plays out, test of 20k region and IH&S Neckline and then we push through upper targets (favouring this scenario)
Yellow Scenario: Double M Top plays out and the 5 wave down is beginning
Boxes mark support/resistance
A test of the 20k is most probable for me.
Blue scenario: We push through recent high approximately 21800k and finding resistance at 23500 - 23800k
Red scenario: Head and shoulders pattern plays out, test of 20k region and IH&S Neckline and then we push through upper targets (favouring this scenario)
Yellow Scenario: Double M Top plays out and the 5 wave down is beginning
Boxes mark support/resistance
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