MayDay MayDay Brings a Sell Off to BTC
Major Decision Time for BTC
Multiple 2Hr Closes below the .5 Fib
Level. Possible Dead Cat Bounce confirming a Bull Trap from our 29 ,900 Recent High.
Could take us back to
27
,200 or lower. May 1st or MAYDAY! brought us a possible bull trap on the 2Hr time frame. We want to see BTC reclaim the .5 Fib, the 223 & 322 "yellow & blue lines" EMA's
reclaim 29,000$ a Multiple year Resistance, we do that than
31
,400 Pi to
32
,200, or Higher still in the cards. take a look at the inverse Head and Shoulders possibly playing out to confirm this.
Multiple 2Hr Closes below the .5 Fib
Level. Possible Dead Cat Bounce confirming a Bull Trap from our 29 ,900 Recent High.
Could take us back to
27
,200 or lower. May 1st or MAYDAY! brought us a possible bull trap on the 2Hr time frame. We want to see BTC reclaim the .5 Fib, the 223 & 322 "yellow & blue lines" EMA's reclaim 29,000$ a Multiple year Resistance, we do that than
31
,400 Pi to
32
,200, or Higher still in the cards. take a look at the inverse Head and Shoulders possibly playing out to confirm this.
Comment:
Oh yeah Let's GOOO!
