Bitcoin price overview (waves) 22.05.2019
Hello, friends!
We still see clear signs of a downtrend decline.
We assume a wedge-shaped end-of-growth model.
It is also possible the emergence of a clear divergence of prices and the MACD indicator.
In the next 2 weeks, we expect strong bearish sentiments to appear on the market!
We recommend closing all purchases when the price breaks through the level of 8300, and also to look for short sales in the range of 8300-9000 with a targets at 6800 and below.
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Local purchases from 7500/7300 with a stop loss of 7100 and a target of 8500 are possible.
We still see clear signs of a downtrend decline.
We assume a wedge-shaped end-of-growth model.
It is also possible the emergence of a clear divergence of prices and the MACD indicator.
In the next 2 weeks, we expect strong bearish sentiments to appear on the market!
We recommend closing all purchases when the price breaks through the level of 8300, and also to look for short sales in the range of 8300-9000 with a targets at 6800 and below.
*
Local purchases from 7500/7300 with a stop loss of 7100 and a target of 8500 are possible.
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