Bitcoin broke 43021

May 17, 2021

BTCUSD
-Back in the middle yellow log curve growth
-Move from $28800 to $64895 50% is hit $46847
-61.8% retracement is $42588 just got hit

Bias:
-short term: bearish - Price target: between $34,000
-long term: bullish - price target: $110,000

BAD:
-dowtrend daily lower high lower low
-weekly 20ma crossed downwards
-daily rsi downwards
-daily macd downwards

Good:
-61.8% probable support $42588 is touched
-supports at $40650, $37750, $34000
-btfd on supports

-I will probably wait for daily oversold and buy for a bounce to downtrend line

Thanks for reading!

May 19, 2021

Trade closed: target reached

target way over reached to 28k

will watch what happens now. Looks like some buyers here as long wick indicates