The parabolic structure was destroyed with the 50% drop which weakend the derivatives market.
Spot buys are dominating here.
Basic support $31K, basic resistance $40K, expecting a boring June and ranging here, followed by a move on the upper range and ranging until the end of the summer.
250DMA provides a crutial support, would not count on it to be broken in...
Key support level
Mining Cash Flow
- my idea is to short the scam wick above $7K first target is the key support, lose that and we go to the levels below
*only for educational purposes, do with this information as you wish, one can see on the chart whatever wants to see
Bitcoin daily on Bitstamp
Simple Support & Resistance
Corn is ready to pop, wait for a dip to support to long it or wait for resistance to break, low leverage, as it could always be a fakeout
chopy times ahead, but we are doing this