BTC further decline [-30%]

2021年5月17日

Rising wedge breakout and retest. EMA50 and 100 broken and close to inversion.
Below strong support of EMA150 and 0.618 fib - short term reversal?
EMA50/100 crossover and upper 45k resistance can provide impulse to further -30% drop to 30k support.

2021年5月18日

註釋

I've just noticed I labeled EMA250 with EMA150 in the chart, sorry for that.
So the current price action stuck between resistance and support and EMA150 and EMA250:


The resistance is approached with small volumes and after each touch there is quite some sell off with increased volume. It doesn't really look promising for bulls.

2021年5月19日

註釋

30k level has been touched already today... I didn't expect it to be so fast. Crazy.