BTC.D Target for May: 39.6%

BTC.D is going down and probably will hit 39.6% at the end of May or first days of June. I think the 39.6% level will hold for now, BTC is in an ascending channel and forming a MASSIVE bear flag. Remember May 2021 was a horrible month for all crypto in general, be cautious.

RSI forming a wedge

Divergence on the MACD

dissclaimer: I'm an amateur self taught trader, DYOR!

Comment:

Still in play, huge rejection and RSI still inside the wedge.

Trade closed: stop reached:

INVALIDATED!!

In part thanks to the LUNA/UST party the wedge broke to the wrong side. Things are getting ugly....