Hello everyone. This is my short term scenario for BTC/USD pair. My analysis based on combined trend lines of BTC previous bullish and bearish price movement which i called 'box-trap' in short with take a look BTC/USD charts pattern during Aug-Oct'12.
The bullish scenario can be that BTC will try to break $422xx-435xx resistance area, and then retrace back to $381xx-399xx support area before finally rally up to $492xx-522xx.
The bullish scenario can be that BTC will try to break $422xx-435xx resistance area, and then drop to $337xx- $354xx as $381xx-399xx support area can't hold.
This is not my financial advise, please do your own research before you make your own decision.
The bullish scenario can be that BTC will try to break $422xx-435xx resistance area, and then retrace back to $381xx-399xx support area before finally rally up to $492xx-522xx.
The bullish scenario can be that BTC will try to break $422xx-435xx resistance area, and then drop to $337xx- $354xx as $381xx-399xx support area can't hold.
This is not my financial advise, please do your own research before you make your own decision.
