SHORT Update of may 22 chart

BINANCE:BTCUSDT   Bitcoin / TetherUS
the // channel started after May 12 is now broken .
There is no sign of up movment ... Daily Doji three days ago was confirmed by the dump at 1AM UTC+2 yestearday
Stats on BTC blockchain show if might get worst in the next weeks.
TPS down about 25% on one year chart, and mempool size still increasing, and obviously #rate down of nearly 30%,

The usual ' after Halving uptrend" is still not there ..
A lot of unknown factor can change the trend, Short to middle term game is in Miners Pools and Hedges hands now, lmao

- How long Miners pools can pays energy bills with a revenue cut by 2 before being forced to shutdown ?
- How long Hedges ( like Grayscale ) and big BTC holders can buy the daily oversold to avoid a free fall ?
For instance the price is above 8K .. if it fall again and close under 8,125.70 Price Crosses 40 Day Moving Average
there might be an "apocalyspe now" for BTC

next support / resistance to watch

9,269.28 Pivot Point 1st Resistance Point
9,261.89 Price Crosses 18 Day Moving Average
9,062.60 38.2% Retracement From 4 Week High
8,958.15 Pivot Point
8,920.09 Previous Close
8,884.79 50% Retracement From 52 Week High/Low

Last 8,823.11

8,822.42 Price Crosses 9 Day Moving Average Stalls
8,754.92 50% Retracement From 4 Week High/Low
8,606.79 Pivot Point 1st Support Point
8,447.25 38.2% Retracement From 4 Week Low
8,295.66 Pivot Point 2nd Support Point
8,125.70 Price Crosses 40 Day Moving Average

Feel free to tell your own view on that ...

NB: Smart people never bet more than they can afford to lose.
Trade at your own risk
This is just an idea about the current situation,NOT a trade advise .


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