BTCUSD next possibilities
hello everyone... I think at this point the BTC can go in any direction so we just have to watch out for key points
currently the price is consolidating at support trendline
1. price can break the support trendline and fall to major monthly support of 11-12k
2. price can test the resistance of either 19k or 21k and then fall to monthly support (high chances)
3. if high volume comes in then price can jump to 28k (low probability)
For now I think idea #2 seems more reasonable since price most likely make Low high and then lower low since we are in downtrend direction..
For this reason I would say Short for now
Good luck and trade wisely
currently the price is consolidating at support trendline
1. price can break the support trendline and fall to major monthly support of 11-12k
2. price can test the resistance of either 19k or 21k and then fall to monthly support (high chances)
3. if high volume comes in then price can jump to 28k (low probability)
For now I think idea #2 seems more reasonable since price most likely make Low high and then lower low since we are in downtrend direction..
For this reason I would say Short for now
Good luck and trade wisely
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