BTC/USDT all possible movements

28 oct 2020

BTCUSDT
Hello everyone😃
Bullish side📈
- EMA 20 and BBs basis are supporting price
- Bullish fundamentals

Bearish side📉
- Bearish crossover on MACD
- Bearish crossover on Stochastic RSI
- Bearish crossover on Helical indicator
- Bearish market positions
- Multiple divergence on Chart and RSI
- Dragonfly DOJI on current candle
- Divergence on composite and now waiting for trigger on daily timeframe

Scenario 1 : There is only 2 live support lines ( BBs basis - EMA 20 ), If BTC take hold above them it will continue upward movement again and decline technical indicators !

Scenario 2 : BTC had multiple divergence, But it doesnt response to them and now BTC have divergence on daily timeframe and its probably heavy!
If indicators lead the price to 13150 and break supports ( 13450 & 13330 ) we will have a trigger on composite and then a retest on 12500$ support line would be possible.

Scenario 3 : Most of indicators are bearish, So we expect a correction but there is a multiple support lines as well !
So If BTC pullback from one of them, We can start our bullish journey again.

🔴 My personal vision is same as Scenario 2 ( bearish phase ) But people are roll this market, so we cant only lean on technical analysis !
Watch for Fundamentals...

Attention : this is not a financial advise we just try to help people on their own vision.

HAVE A GOOD DAY
- Helical_Trades