ðĩ Today, by examining the bitcoin chart in 4-hour timeframe , we see that the price is in a price compression range and will not follow a specific trend until it breakout of this range. There are currently two scenarios that will be mentioned below :
ðī First Scenario (Bearish Scenario) : If the price penetrates its key support level ($ 45,600 to $ 46500) and closes below $ 45,600, our bearish scenario is confirmed and we can expect a fall 42K , 44.4K and even If the sales pressure is high , it will drop to $ 39,900 up to 40K.
ðĒ Scenario 2 (Bullish Scenario): Maintain the above-mentioned static support, and then move to the next targets (shown on the chart) by breaking their dynamic resistance and stabilizing above $ 50,300 . Targets : ($ 53,250 , $ 55,720 and $ 59,120)
Follow our other analysis & Feel free to ask any questions you have, we are here to help.
â ïļ This Analysis will be updated ...
ðĪ Arman Shaban : ArmanShabanTrading
ð 15.DEC.2021
â ïļ(DYOR)
âĪïļ If you apperciate my work , Please like and comment , It Keeps me motivated to do better âĪïļ
ðī First Scenario (Bearish Scenario) : If the price penetrates its key support level ($ 45,600 to $ 46500) and closes below $ 45,600, our bearish scenario is confirmed and we can expect a fall 42K , 44.4K and even If the sales pressure is high , it will drop to $ 39,900 up to 40K.
ðĒ Scenario 2 (Bullish Scenario): Maintain the above-mentioned static support, and then move to the next targets (shown on the chart) by breaking their dynamic resistance and stabilizing above $ 50,300 . Targets : ($ 53,250 , $ 55,720 and $ 59,120)
Follow our other analysis & Feel free to ask any questions you have, we are here to help.
â ïļ This Analysis will be updated ...
ðĪ Arman Shaban : ArmanShabanTrading
ð 15.DEC.2021
â ïļ(DYOR)
âĪïļ If you apperciate my work , Please like and comment , It Keeps me motivated to do better âĪïļ
ð Wanna Learn ICT & SMC? Get the Full Book Here : bit.ly/ICT-BOOK
âïļ Free Telegram Channel : telegram.me/PriceAction_ICT
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ð MondFX â our trusted Broker : bit.ly/MondFx
âïļ Free Telegram Channel : telegram.me/PriceAction_ICT
âïļ JOIN THE VIP ð t.me/ArmanShabanTrading
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âïļ Free Telegram Channel : telegram.me/PriceAction_ICT
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âïļ JOIN THE VIP ð t.me/ArmanShabanTrading
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