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OK_Rane
May 24, 2021 7:48 AM

BTC update : what next? Short

Bitcoin / TetherUSBinance

Description

Currently prices are taking support over 30-32 k level, this level represents a support of wave 2 bottom, which was formed after 1st extended wave.

Technically this is strong support, major demand was formed during that wave.

But considering current scenario,
I feel 19-21k level would be next target for BTC. Support and Resistance levels are drawn. Please check the link attached to it.

What you can do ? Short it below 30 or buy some of the alt coins appropriately 20-30% of your positioning size
Comments
HYPERHONOUR
it is breaking your Trendline to 39k
OK_Rane
@subhamrout93 yes I am observing it. Movement shifting side ways, it may be due to Elon, he is going to have conversation with miners on energy consumption. Trend line just indicate shifting in movement, what more important is, price if that violates above 41-42 k where 4th wave base exists, Then it will indicate upside reversal.
OK_Rane
With current magnitude 12- 14days
shankarkluhar00
@Ommiee4141 ommie bhai big fan of your analysis.
alokpaul510
When 20k coming??
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