Bitcoin $BTC Technical Analysis 24 May 2021

By Mandrakata | On The Edge | 24 May 2021

Technical Analysis

Since last review a lot has done, correcting more than expected.


Anyway we should always follow the courses, so we need to have a long-run zones where prices take place as accumulation zone that can we use as references.  We are now between 2 of these zones for BTC: below is 30K-34K and above is 42.5K-46.5K.

Just today, in the intraday time-frame, seems that prices broke the down trendline with confirmation from the momentum indicator, so for a short time we could see a rebound.


Starting from April we have a downtrend channel that must be monitored to read and catch all the swings and waves where they will carry the prices.


I'm waiting for prices to be in the lowest accumulation zone to enter in the BTC and holding for the Long time-frame.


⚠️ Disclosure ⚠️ I wrote this article myself, and it expresses my own opinions.  Above ideas is for educational purpose only, it is not intended to be investment advice.
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