Bitcoin Exclusive Update so BTCUSD Ready For $4850 ?

2020年5月22日

#BTCUSD Technical Analysis Update:

#BTCUSD Now current trading bellow $8980.

What TA Says..?
According To TA we can Expect Small Bounce back from here.
$8840 is very good Strong support.

Support : $8840 is Strong support to hold BTCUSD Bullish.
if this Support will breakdown then we can see very bearish as chart.
if break down this support I personally can expect $4850 in mid term Targets.

Resistance: $9780/$10180/$10650/$12500
if this support will hold then we can strongly expect Some upward side like $10000 and $11500.

Big Time Frame I can see in Chart Bear flag and Falling Wedge as I told you in Last analysis.
if you followed my analysis hope you earned good Profit.

I sold BTCUSD Spot at $9900 and waiting for more confirmations.

I am Only Bearish Because of #Rising_Wedge and #Bear_Flag.

What is Bear Flag ..?
A Bear Flag is a price action within the context of a downtrend that produces an orderly price increase consisting of a narrow trend range comprised of higher swing/ pivot highs and higher swing/ pivot lows.

What is Rising Wedge ..?
The Rising Wedge is a bearish pattern that begins wide at the bottom and contracts as prices move higher and the trading range narrows. In contrast to symmetrical triangles, which have no definitive slope and no bullish or bearish bias, rising wedges definitely slope up and have a bearish bias.

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