BTC Possible Scenario based on Weekly Data

٥ ديسمبر ٢٠٢١

BTCUSDT as noted on chart.
This is an analysis based on the weekly trend line which was broken below and fib retracement to notice the possible resistance areas. IMHO, we need to break through a lot of strong resistance areas in order to become Bullish again. This week closing is important and next week will decide whether we could go above or not. If we cannot go above, the blue path is going to be possible outcome. If we can go above, 83K EOY is still possible.

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We got a great profit with the massive SHORT from 50K to 39K.