BTCUSDT 28K or 43K? Possible Scenarios explained!

22 may 2021

Hello guys what happened in the recent days was brutal. Many of you lost funds so did I and I am not ashamed of saying this.
Trading is tough and sometimes you do loose money no matter how good you are.
Just what you to know no matter what happens do not give up.
Try again and keep learning.

Let’s get to the chart.

BTC has been trying to break the 21D MA since the last few days on this 4 hour chart but couldn’t break it.
This could happen to be the last wave of the correction (I’ll share that chart soon.) There’s still no sign of bear market as people are saying.
No it’s not a bear market.
I will post regular charts on this so stay tuned.

Currently there are two scenarios I see happening in this chart.
Either we break this falling wedge pattern and pump all the way to 43k level again or we might see another last dip towards 25k to 28k level and bounce harder with an initial journey towards new ATH.
Things might get a bit more ugly so be alert and do not leverage trade in this market.
The bottom might still not be in.
I could be wrong and trust me I want to be but the charts never lie.

If you like this update do hit the like button and share your view in the comment section. Your likes and comments are the reason I work more and more to post more charts from you.

Thank you

#PEACE

23 may 2021

Nota

So far all good. Scenario 2 is in play.

24 may 2021

Nota

Welcome to this quick update everyone BTC broke out of the falling wedge pattern as per the scenario 2 in my previous BTC Chart.
What’s really important right now for BTC is to break the 50D MA and maintain the 21D MA in this 4 hour chart.

To keep it simple 37k needs to hold for btc to remain bullish and break the 40k level.
43k still remains the target once we break above the 50D MA.

Hope you like this quick update on BTC and plan your trades accordingly.
If you want such updates frequently follow me.
If you like my updates do not forget to hit the like button and share your views in the comment section.

Thanks for reading,
#PEACE