Bitcoin analysis of May 17, two broken fundamental supports?

Bitcoin analysis of May 17, two broken fundamental supports?

By trade60 | trade60 | 17 May 2021


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The first support at 46295 formed on March 5th and April 25th from which we then had a rebound. The second support at 43029 tested on February 28th.

Now everything is played on the holding of the last support, which if not maintained would project the courses at 37437 support created on February 7th.

Of course the loss from the 50,000 was very important.

The scenario that opens up is that of a target in the 37450 area.

LEVELS:

65500 maximum of April 14th

59900 maximum of 10 May

46295 minimum of March 5th

43029 minimum of 7 February

37437 minimum of 7 February

37437 I hope is the minimum where buyers would return compact.

A close above 46295 would reverse the scenario.

Graphics: tradingview.com

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This article does not contain investment advice. Every investment and trading move carries a risk, readers should conduct their own research when making a decision.

 

THE OPINIONS EXPRESSED BY THE AUTHOR ARE PERSONAL ONLY AND FOR INFORMATION PURPOSES AND DO NOT CONSTITUTE FINANCIAL, INVESTMENT OR OTHERWISE ADVICE.

Thanks for reading I look forward to your comments.

 

 

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trade60
trade60

Sono un uomo di 60 anni, non lavoro da un bel pò di tempo e ora mi occupo a tempo pieno di trading e di cryptovalute


trade60
trade60

Mi occupo di analisi tecnica e trading sui mercati finanziari dal 2000, dal 2018 mi sono interessato alle criptovalute prima minandole e poi guadagnandole con qualche app/sito. Qui troverete informazioni utili sul trading, come guadagnare criptovalute dal nulla e come aprire wallet affidabili. Tutto questo senza fornire un servizio di consulenza ma di passione. Chi investe i propri soldi in operazioni finanziarie speculative si assume dei grossi rischi di perdere il capitale.

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