BTC almost retest the resistance and there is two possible scenario:
1- Best case: Will support on Fibonacci 0.382. Then retest the 0.236 resistance ( topside of pitchfan and daily resistance at the same time too). I guess after that will move to fibonacci 0.5 level (25200$)
2- Worst case: Will dump straight to test the fibonacci level 0.618 and center of pitchfan at the same time (near 23900$)
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Near $28200. expecting dump!
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There is a support on $27400. We need to see the test of that level. BTC will go to 30K if price push back from that level or the short will be valid.
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Exactly as expected. Next stop: $25280
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Important: We will close shorts on $27500. ( or deciding after NFP)
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BTC may follow S&P500. Community is also bullish, but it's still bearish technically. So shorts are still valid.
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In $26590 we will see how much the market is really bullish. BTC moves healthy in these days.
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$26590. Welcome to war zone :D
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As you can see we predicted this May 23th. Some people may say its because SEC sues Binance and its fundamental , but its technical. Social medias just doing what they always do.
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This analyze almost done. BTC may go deeper but im going to find a good PRZ for long entry. Stay tune ;)
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Ok. Its a bit early to say that but near $25000 could be a PRZ. Let see what will happens on that price. If bulls hold that level, I guess price will push to near 26.6K and fall again to near $23980. (No rush and wait for confirmations)
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Все виды контента, которые вы можете увидеть на TradingView, не являются финансовыми, инвестиционными, торговыми или любыми другими рекомендациями. Мы не предоставляем советы по покупке и продаже активов. Подробнее — в Условиях использования TradingView.