Hello guys,
I would like to compare previous scenario with BTC situation right now, so let us starts with the pervious one. As you can see when 6H candle broke both the 39500 support and the major trend line the price immediately drop after retesting the 39500 resistance.
now I believe if 6H candle breaks both 39799 support and the major trend the price will drop after retesting the 39799 resistance.
For me, I will open short when retesting for the 39799 resistance has been done.
NOTE: This scenario may fail if 41351 resistance will be broken and 1D candle closes above the support and hold , in this case I am bullish
thanks for your support
I would like to compare previous scenario with BTC situation right now, so let us starts with the pervious one. As you can see when 6H candle broke both the 39500 support and the major trend line the price immediately drop after retesting the 39500 resistance.
now I believe if 6H candle breaks both 39799 support and the major trend the price will drop after retesting the 39799 resistance.
For me, I will open short when retesting for the 39799 resistance has been done.
NOTE: This scenario may fail if 41351 resistance will be broken and 1D candle closes above the support and hold , in this case I am bullish
thanks for your support