BTC (Y20.P5.E15).Price Action scenario's

Ref. z.chart

Hi All,

We can potentially find support here and keep this line as the trend. (ref.D.chart)

The other scenario is the price action where the orange box area is the target.
It has confluence with many elements, MA, Fib Levels, CME and NasDaq gap. These elements explained in the previous post

Regards,
S.SAri


Previous post related to this top formation

코멘트:

코멘트:

코멘트:

Perfect with the current chart where the target matches the height of the triangle

코멘트:

코멘트:

hidden bullish divergence

코멘트:

The bullish scenario, support at this level otherwise a deeper pullback if this doesn't hold.

코멘트: