BTCUSD Monthly Chart
Updated
Hello,
Everything seems to point to a drop to around 5k in the next month.
1 - The price is getting to the tip of the descending triangle.
2 - 3 going below a 2 on the setup phase of TD Sequential.
3 - The last fibonacci line is around 5k.
4 - The 30 day MA is approaching 5k.
5 - Strong support (previous resistence) on the 5k area.
Best regards,
Alexandre Simões
Everything seems to point to a drop to around 5k in the next month.
1 - The price is getting to the tip of the descending triangle.
2 - 3 going below a 2 on the setup phase of TD Sequential.
3 - The last fibonacci line is around 5k.
4 - The 30 day MA is approaching 5k.
5 - Strong support (previous resistence) on the 5k area.
Best regards,
Alexandre Simões
Comment
The descent has started. The daily RSI is reaching new lows at 5550. Let's see if we get to 5k or bounce a bit earlier than that.
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