BTC Potential scenarios
BTC is currently within the previous range of 41K to 44K, I believe a weekly closing above 41K will be bullish for the coming week and a retest of 44K will be within reason. (that's for the bullish scenario, short term view)
Now if you look at yesterday daily candle, BTC has printed an evening star (bearish) and I would not be surprise to see a pullback at the previous breakout of 38K if the low of yesterday candle is taken out!
The rule is pretty simple here, if the low of yesterday candle is taken out you can open a short with a SL just above the high of yesterday candle or the opposite for the bullish scenario!
Now if you look at yesterday daily candle, BTC has printed an evening star (bearish) and I would not be surprise to see a pullback at the previous breakout of 38K if the low of yesterday candle is taken out!
The rule is pretty simple here, if the low of yesterday candle is taken out you can open a short with a SL just above the high of yesterday candle or the opposite for the bullish scenario!
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