BTC way forward 20 May 2021
The BTC price action is facing a resistance at 42000USD which was the previous support. The price needs to break here for further upward actions.
In the meantime, we see an ABCDE leading diagonal completed. The possible correction if the price breaks the trendline support is on the chart. This would be a correction before the next leg up.
The case is not applicable if it goes below 30000USD.
In the meantime, we see an ABCDE leading diagonal completed. The possible correction if the price breaks the trendline support is on the chart. This would be a correction before the next leg up.
The case is not applicable if it goes below 30000USD.
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It is attempting to test the 42000USD resistance again.
The descending triangle on 3m timeframe looks to be invalidated.
The descending triangle on 3m timeframe looks to be invalidated.
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The momentum is still bullish. until 41400USD is broken.
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It came down according to analysis.
We need to break 42000USD to confirm bullish trend.
Below 35000USD would be deadly to see
We need to break 42000USD to confirm bullish trend.
Below 35000USD would be deadly to see