Crypto Marketcap analyse ( 1W frame )
A bullish XABCD Pattern has been completed ,now We are just waiting for the market movement we hope to continue ris up
Bitcoin now face 2 scenarios :
scenarios 1 : A fake rise in order to absorb liquidity and then a collapse at the 0.5-0.618 Fibonacci area, which is always a supply area that is difficult to Breack it .
scenarios 2 : It seems very similar to the scenario of July 2021 as the beginning of a second oud cycle to form a new peak, but muste be brock the red ligne to continue and close up the (red zone 1.6 T) withe good volume to
What is the closest scenario in you opinion ?
Bitcoin now face 2 scenarios :
scenarios 1 : A fake rise in order to absorb liquidity and then a collapse at the 0.5-0.618 Fibonacci area, which is always a supply area that is difficult to Breack it .
scenarios 2 : It seems very similar to the scenario of July 2021 as the beginning of a second oud cycle to form a new peak, but muste be brock the red ligne to continue and close up the (red zone 1.6 T) withe good volume to
What is the closest scenario in you opinion ?