#bitcoin price did well in May. It was spot buying with good volume, that was positive. I' ve been observing some issues on #btc chart.
BTC has been moving in an ascending channel, breaking down these channels results with heavy correction. (As 
ETH broke a long time ascending channel and dumped heavily months ago) . Plus, There have been a bearish divergence whilst #btcusd moving upside for weeks. I showed the divergence on the chart. 113 - 114K is the very important resistance point for btc price. A hard declination there will result a heavy but healthy correction.
Above 115K with weekly closes are the invalidation. Not financial advice.
BTC has been moving in an ascending channel, breaking down these channels results with heavy correction. (As ETH broke a long time ascending channel and dumped heavily months ago) . Plus, There have been a bearish divergence whilst #btcusd moving upside for weeks. I showed the divergence on the chart. 113 - 114K is the very important resistance point for btc price. A hard declination there will result a heavy but healthy correction.Above 115K with weekly closes are the invalidation. Not financial advice.
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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.