BTCUSD - Retest of 200D MA
I believe we're about to see BTC dip down to the low 8k region by the end of May to retest the important confluence of 200D and 100D MAs.
This dump should reset some oscillators and hopefully be a strong test of liquidity.
I can see a wick to the 7.5k zone as well if the dump is more violent.
The 50/200D MAs just had a golden cross, and recently these have resulted in a dump so I'd expect the same thing this time.
If we're lucky, this will be the end of the correction and then we can finally break 10k, but we'll see what happens later.
This dump should reset some oscillators and hopefully be a strong test of liquidity.
I can see a wick to the 7.5k zone as well if the dump is more violent.
The 50/200D MAs just had a golden cross, and recently these have resulted in a dump so I'd expect the same thing this time.
If we're lucky, this will be the end of the correction and then we can finally break 10k, but we'll see what happens later.
ملاحظة
We also broke down from this ascending triangle looking thing so a target of around 8.2k should be achieved pretty soon. Let's see.
ملاحظة
Idea invalidated. We didn't make it all the way down to 8k to test the 200d MA. This means the market is more bullish than I thought.
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إخلاء المسؤولية
لا يُقصد بالمعلومات والمنشورات أن تكون، أو تشكل، أي نصيحة مالية أو استثمارية أو تجارية أو أنواع أخرى من النصائح أو التوصيات المقدمة أو المعتمدة من TradingView. اقرأ المزيد في شروط الاستخدام.