$BTC - Is still on the potential Scenario 2 playout (proven otherwise). According to this scenario, $BTC had to come for the SuperTrend resistance retest and reverse. So far, the first step has been made. ✅ Retested the SuperTrend + ATR resistances and rejected. Now, I see two local scenarios. To be able to continue the 2nd part of our monthly Scenario 2, BTC has to lose the 50MA and red line, and find acceptance below it. Breaking the SuperTrend resistance fully invalidates that scenario.
Share
Source:Show original
Disclaimer: The information on this page may have been obtained from third parties and does not necessarily reflect the views or opinions of KuCoin. This content is provided for general informational purposes only, without any representation or warranty of any kind, nor shall it be construed as financial or investment advice. KuCoin shall not be liable for any errors or omissions, or for any outcomes resulting from the use of this information.
Investments in digital assets can be risky. Please carefully evaluate the risks of a product and your risk tolerance based on your own financial circumstances. For more information, please refer to our Terms of Use and Risk Disclosure.