#BTCUPDATE - 29.5.21
BTC updates will carry a couple of more in depth scenarios for BTC plays that will help you adjust strategies accordingly dependant on BTC's movement.
BTC's weakness since the 27th has continued - this has had some poor timing with fighting to break resistances and options expiration that often adds to volatility.
We are coming down to a couple of quite key trendline supports. There are Bouncing off $33k will likely see a push up to $38k to $38.5k region in the ranging area.
Losing 33K will see scenario to and a pretty sure shot to $30k which is a still a very strong support - will see a very likely break down to $25k.
Usually after bearish weekends - Monday bring pretty strong buy backs which suggests bounces happening from either scenario 1 or 2.
BTC updates will carry a couple of more in depth scenarios for BTC plays that will help you adjust strategies accordingly dependant on BTC's movement.
BTC's weakness since the 27th has continued - this has had some poor timing with fighting to break resistances and options expiration that often adds to volatility.
We are coming down to a couple of quite key trendline supports. There are Bouncing off $33k will likely see a push up to $38k to $38.5k region in the ranging area.
Losing 33K will see scenario to and a pretty sure shot to $30k which is a still a very strong support - will see a very likely break down to $25k.
Usually after bearish weekends - Monday bring pretty strong buy backs which suggests bounces happening from either scenario 1 or 2.
