First scenario: Up! to around 19400$ (white circle) Max 20000$ ( psychological limit & resistance ).
Negation of this scenario: BTC will go down, will break lower limit of the channel & 38% FIBO.
Second scenario: The beginning of the correction - down to around 14956$, this is support line between bodies of two W1 candles and upper limit of the D1 demand zone
(yellow circle) ,then Up!
Negation of second scenario: BTC will go up! without correction, or will break down upper limit of demand zone and 23% FIBO
Actually we have got a small consolidation, but demand still prevails.
Negation of this scenario: BTC will go down, will break lower limit of the channel & 38% FIBO.
Second scenario: The beginning of the correction - down to around 14956$, this is support line between bodies of two W1 candles and upper limit of the D1 demand zone
(yellow circle) ,then Up!
Negation of second scenario: BTC will go up! without correction, or will break down upper limit of demand zone and 23% FIBO
Actually we have got a small consolidation, but demand still prevails.