TradingView
WadeYendall
May 26, 2021 4:51 AM

BTCUSD forming a base Long

Bitcoin / DollarBitfinex

Description

If this base can breakout and hold there may not be a flush to 27k as everyone expects. 50K will remain a tough level to break through so stay mindful of the overhead resistance.

Comment

Breakout above 40k failed so retest of lows incoming. If the lows fail watch the 27/25k level carefully. As I stated before many expecting this test and flush below the recent 29K low. A new low would likely bring in a new wave of buyers who have been patiently waiting for this potential move. Lets see what happens.

Comment

Waiting .... Still trying to confirm a base. Currently stuck between 40k resistance and 30k support.

Comment

So close to confirming a base breakout then Elon tweets a meme. He is obviously aware of technicals. Why he did it I have no clue.
More