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nativetulip087
Jun 4, 2021 11:40 AM

Short / Mid term - A path filled with resistance 

Bitcoin / TetherUSBinance

Description

Chart depicts the three most probable outcomes IMO.

Potentially multiple attempts to break $42,000, similar with 0.5 Fib level.

Structures suggest long-term holds still valid. Should we break to the downside from this pennant, a re-test of local low: $30,000 becomes probable.

Comment

Ideally, $30,000 - $42,000 holds until new BMSB is printed on Sunday.

Expect multiple attempts to break 20W SMA.
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