BTCUSD perhaps the bullish scenario will ensue

BTCUSD perhaps the bullish scenario will ensue

Three days ago, I posted that BTCUSD was likely to pull back and presented 2 likely scenarios:

It seems that a bullish scenario is more likely now, though the entire move has not played out. I continue to believe that a deeper retracement in the short-term that coincide with the upcoming golden cross will signal the start of the bull cycle. ( Bullish case as charted).

However, if we see low volume fake pumps that sustain the price and again slowly drain the market of enthusiasm, a double bottom is not impossible ( Bearish case as charted).

Btw, I believe that bitcoin will lead altcoins:

Published at Thu, 11 Apr 2019 15:29:17 +0000