Hi All,
I see BTC have 3 ways to go (after some period of consolidation perhaps).
1- Move up from the low achieved at 8,100 and retest the 10,000-10,500 area.
2- Further dip to 7,500 (0.5 FIB Retracement), and then move to retest the highs.
3- Keep crashing to meet March's levels.
I think scenario 2 is most probable.
What do you think?
Thnx
Jad.
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On another thought, if the upward channel isn't broken, i think scenario 1 is a play.
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What do you think about this candle stick on the 12H? indication that Scenario 2 might be in play?
I see critical support between 7200 and 7700..
I see critical support between 7200 and 7700..
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Might be scenario 1.. any thoughts?