Short

Btc can go back to 30k

Updated

1D candle closed with low volume and some rejection so if today btc cannot conquer EMA10 on 1D (about 40k), then I think it will drop to 30k on saturday

Note

Things are not clear now. Look like btc being stuck between 40k and 37k5. Look at the h4, we can see the triangle. Let's wait until which way it will break

Note

The drop kind of slow, 34k7 stops the drop, maybe btc is moving in this triangle, sideway again

Note

Triangle again

Note

EMA10 1D can be challenged 1 more time at about 37k5

Note

EMA10 1D still cannot be conquered. We will see another drop, maybe still in the big triangle above.Btc can go sideway 6 more days in the triangle.

Note

We often see a false breakout for triangle. Now price back to inside the triangle again. I think we will see a strong drop next week due to bad volume

Note

Still in the triangle, btc still cannot conquer EM10 1D. On 09 June we will know the final result. I think it will dump but be careful, one candle can change the picture. We should stand outside and onbserve.

Note

If 30k broken this time, btc can touch zone 24k-20k

Note

BTC stills go sideway, in this triangle

vhreal

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.