BTC holding on the 200 MA - 2 Scenarios
Hi everybody. This is my prediction from where we are now.
There is a clear cup and handle formation (green) that could bring the price to the yellow targets shown above. (More Probable)
There is also a bearish double top formation (red) that we should be aware of that could take us down to support levels. (Less Probable)
Right now price is moving in the upwards channel (purple) supported by the 200 Day MA with decent volume. MacD is looking like it wants break upwards with bullish momentum.
This is all bullish at the moment, though in crypto, we all know everything can change rather quickly, so be aware!
Happy trading and good vibes!
Leave a like or comment. Thank you!
There is a clear cup and handle formation (green) that could bring the price to the yellow targets shown above. (More Probable)
There is also a bearish double top formation (red) that we should be aware of that could take us down to support levels. (Less Probable)
Right now price is moving in the upwards channel (purple) supported by the 200 Day MA with decent volume. MacD is looking like it wants break upwards with bullish momentum.
This is all bullish at the moment, though in crypto, we all know everything can change rather quickly, so be aware!
Happy trading and good vibes!
Leave a like or comment. Thank you!
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