Botje11TV — Three Possible Scenarios for bitcoin
Crypto trader Botje11 is offering an interesting forecast for the price of and all his market scenario points towards a rally. Although, he correctly predicted the bullish run towards the big round number 6,000, he assigned a lower probability for price to continue upwards without first to see a pull back.
Botje11TV’s market expectation was for XBT/USD to first form a bullish flag above the previous swing high established around $5,600 figure, which should provide the bulls with enough energy for the next up leg.
Alternatively, his two other market scenarios saw a “big dump” that should balance the supply and demand equation and fuel the next rally. In one market scenario, he saw pulling back to around $5,400, while in the most pessimistic scenario he saw price retesting the big psychological number $5,000. According to Botje11TV, the last scenario was also less likely to happen, but nevertheless was something to keep an eye on.
Botje11TV has a well-established track record and out of the last 5 predictions he managed to correctly map the price of on four of these occasions.
Let’s now move forward and see why our next trader see price running into a “major resistance”.
Published at Sat, 04 May 2019 17:23:26 +0000
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