Well, for Bitcoin, in my opinion, 3 scenarios can happen
Before we go to the scenarios, we need to know where the important areas are
Our important support and resistance are shown in the image. Their failure can be a good move to happen
1_In the first scenario, we go to 71 thousand, which is less likely than the other scenarios because
"_His reaction to the 60,750 price resistance was not so strong and volume decreased, although Saturday and Sunday were not without impact.
2_The second scenario is not to move in this zone and stay in the range of 6700 to 60750.Which I know is more likely than the first scenario
3_This one refers to the drop. Our support has had 4 collisions, the last one reacted with low volume, and the more collisions, the more likely it will fail.
Always consider all scenarios so that you are not shocked and can react to the scenario that happened with your strategy.
Do not forget about capital management
Wishing all of us a profitable week
Before we go to the scenarios, we need to know where the important areas are
Our important support and resistance are shown in the image. Their failure can be a good move to happen
1_In the first scenario, we go to 71 thousand, which is less likely than the other scenarios because
"_His reaction to the 60,750 price resistance was not so strong and volume decreased, although Saturday and Sunday were not without impact.
2_The second scenario is not to move in this zone and stay in the range of 6700 to 60750.Which I know is more likely than the first scenario
3_This one refers to the drop. Our support has had 4 collisions, the last one reacted with low volume, and the more collisions, the more likely it will fail.
Always consider all scenarios so that you are not shocked and can react to the scenario that happened with your strategy.
Do not forget about capital management
Wishing all of us a profitable week