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PRibeiro86
May 17, 2021 4:20 PM

Are we going down to 37k??  

Bitcoin / US DollarBinance

Description

Next Support broken.. are we now going down to 37k - before start a pullback? or even deeper?? what do you think?
Comments
Ravich000
Lots of support in this area actually. 42k is daily 200EMA, and wick from January 8th. Below January 8th candle close around psychological 40k. And then obviously 43.2k still trying to hold (February 28th). And then 39.2k would be the 1.618 fib retracement measured from April bottom to May top. Would be weird to just blast down through all of that, I'd at least expect some chop and sideways action/consolidation around current levels. Let's see how it plays out but 37k seems like a random number honestly.
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