LONG BTC - Possible V sharp bounce when this discount is over

in #bitcoin3 years ago

Screenshot 2021-05-17 at 11.41.46 PM.png

-Previous wedge breakout target around 40k zone.
-possible big bull flag moving towards it's bottom channel around 38500 zone
-buy wall at 42000 probably need more retest to break it.
-angle of it coming down is too fast, bear flag on daily timeframe didnt have time to consolidate and attempt to break lower. Possible after wiping all the stop and over leverage, it might do a V shape recovery quickly.
-About 34%+ pullback from previous high of 65000, could go 41% which is around 38300 zone.
-Low chance but possible wick and panic till 32200 zone which is around the daily timeframe bear flag target.

Conclusion, set orders to anticipate the different discount levels.

on a side note : VB burn 450+billion of SHIB which is good news but move in sympathy with the market might just happen.

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