BTC.D Target for May: 39.6%
Updated
BTC.D is going down and probably will hit 39.6% at the end of May or first days of June. I think the 39.6% level will hold for now, BTC is in an ascending channel and forming a MASSIVE bear flag. Remember May 2021 was a horrible month for all crypto in general, be cautious.
RSI forming a wedge
[IMG]
[/IMG]
Divergence on the MACD
[IMG]
[/IMG]
dissclaimer: I'm an amateur self taught trader, DYOR!
RSI forming a wedge
[IMG]
Divergence on the MACD
[IMG]
dissclaimer: I'm an amateur self taught trader, DYOR!
Note
Still in play, huge rejection and RSI still inside the wedge.Trade closed: stop reached
INVALIDATED!![img]
In part thanks to the LUNA/UST party the wedge broke to the wrong side. Things are getting ugly....
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.