BTC 24 06 2022
We can think of 2 different scenarios for Bitcoin. If we consider scenario 1 to be an uptrend, this will be a reverse head and shoulder. I don't think this could happen at all and I have arranged my buy orders in the opposite way. However, if this scenario is realized, an average 60-day upward trend will continue. Here is the average time required for the chart pattern to complete. Again, according to this scenario, the price coincides with levels around 37K.
Another scenario is a downtrend in the opposite . I think this will happen. In this case, the price will drop to 12K levels. When we look at the market orders, we can see that there are accumulated orders in this region. If the price creates 3 candles above 22K, scenario 1 will be considered, and if the price falls below the level of 19300, scenario 2 will be considered. I think we'll be able to pinpoint its direction in a few days.
Another scenario is a downtrend in the opposite . I think this will happen. In this case, the price will drop to 12K levels. When we look at the market orders, we can see that there are accumulated orders in this region. If the price creates 3 candles above 22K, scenario 1 will be considered, and if the price falls below the level of 19300, scenario 2 will be considered. I think we'll be able to pinpoint its direction in a few days.
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