Bullish and Bearish Scenerios For Bitcoin After Re-Testing ~9.2k
*This should not be seen as an accurate depiction for Bitcoins future*
This is just me playing around with the charts/ what trends i could see as a possibility in either scenario.
Downward/ upward spikes could be more or less intense given the amount of volume that will be happening during said moves on the market.
Bitcoin "Should" be testing the downwards trend line around Mid October and deciding its direction from there.
(Trend line stretching from ATHs to our last move up)
Zone it should be testing?
9.38k-9.1k
The bullish scenario in this depiction is dependent on an Inverted Head and Shoulders pattern.
(None of my Head and Shoulders patterns ever pan out, so i give this call a 5% chance of panning out)
If we aren't able to achieve my targets by ~Oct 15th i see my bearish trend panning out.
~6.6k-6.8k is my target, with more downwards pressure.
in the bearish scenario the market will bottom at ~4k-4.5k mid February.
From the bottom i see a short term pump up to 10.2k by the halving event in ~June 2020,
followed by more downwards pressure bottoming at ~2-1.5k
One again this is only my predictions Media/ the human equation can completely steer this market in unforeseeable directions.
If no global
This is just me playing around with the charts/ what trends i could see as a possibility in either scenario.
Downward/ upward spikes could be more or less intense given the amount of volume that will be happening during said moves on the market.
Bitcoin "Should" be testing the downwards trend line around Mid October and deciding its direction from there.
(Trend line stretching from ATHs to our last move up)
Zone it should be testing?
9.38k-9.1k
The bullish scenario in this depiction is dependent on an Inverted Head and Shoulders pattern.
(None of my Head and Shoulders patterns ever pan out, so i give this call a 5% chance of panning out)
If we aren't able to achieve my targets by ~Oct 15th i see my bearish trend panning out.
~6.6k-6.8k is my target, with more downwards pressure.
in the bearish scenario the market will bottom at ~4k-4.5k mid February.
From the bottom i see a short term pump up to 10.2k by the halving event in ~June 2020,
followed by more downwards pressure bottoming at ~2-1.5k
One again this is only my predictions Media/ the human equation can completely steer this market in unforeseeable directions.
If no global
