Spaghetti paths for BTC
Bullish Scenario
Green spaghetti: If we hold the 20700 support, then upside to the monthly support at 23500 is likely. After that, we could blast through the low-volume range straight to 30k.
Neutral Scenario
White spaghetti: If we lose the 20700 support, we may drop down and touch the nPOC at 19500 (with weekly/VAL confluence) and see a bounce to retest the 20700 level.
Bearish Scenario
Red spaghetti (the least likely scenario IMO): If we lose the 18800 support, we will test the long-term trend line support and possibly drop down to touch the POC at 16900.
Green spaghetti: If we hold the 20700 support, then upside to the monthly support at 23500 is likely. After that, we could blast through the low-volume range straight to 30k.
Neutral Scenario
White spaghetti: If we lose the 20700 support, we may drop down and touch the nPOC at 19500 (with weekly/VAL confluence) and see a bounce to retest the 20700 level.
Bearish Scenario
Red spaghetti (the least likely scenario IMO): If we lose the 18800 support, we will test the long-term trend line support and possibly drop down to touch the POC at 16900.
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Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.