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Kryptochristian
28 maj 2021 10:14

#BTCUPDATE - 28.5.21 

Bitcoin / TetherUSBinance

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#BTCUPDATE - 28.5.21

Looks like 40k just couldn't hold. There have been a couple of break downs of support and currently retesting the 36K resistance now - although with the low volume it is looking like further movement down will be on the cards especially going into the weekend.

There is a pretty clear symmetrical triangle forming suggesting the price should get to about 32.6k before find support to bounce.

If 36K is regained then equally we will probably stay within this descending triangle pattern holding 36K as the primary support with a very good chance of breaking up from there.

Should we break below 32.6k then start to be very wary as the bottom might completely fall out.

Keep leverage positions low at the moment if at all with this kind of volatility.

Spot bots are fine nothing needs adjusting - can target that 32.6k support for adding funds to any trades that required it which should hopefully see a solid bounce and keep a close eye on snipers especially if you are overclocking them.
Kommentarer
bestfarbit74
I'm not seeing the 32K breaks again now, but if it breaks the market could collapse. lets see
SP33D6
Should we break below 32.6k then start to be very wary as the bottom might completely fall out.

Meaning of might completely fall out? as you got me worried :)
Mer