We have another trend line here starting from 22 May which is in the way with 200 daily MA.

1:30 PM close in 1 hour. Will be important to see if we hold here or get rejected.

Guys despite these movements' remember, we are still bearish jab tak 50k cross nahi hota. so trade carefully woh main zone hai.

200 Daily MA is being tested as support for now but remember daily close pe kya hum iske upar rehte hai ki nahi woh matter karta hai. Daily candle close morning 5:30 AM pe hoti hai. Usse pehele bahut kuch ho sakta hai. Bahut strong zone hai yeh

Example ke liye 20th se 21th may ka time dekho - Yaha Bitcoin ne kya kiya tha isse zone pe.

Rejection with 1:30 PM candle. Yaha support at $39,600-$39800 matter karega as eek baar bhi as support test nahi hua.

Do you guys see significance of these support, resistance, moving averages and candle close ? Yeh sab samjhne lag gye koi bhi crypto ho you can trade it based on your calculation. No signals required.

See this kaha bounce hua support bana ke.

Match current scenario with pattern at previous $40,000 tests.

$39,700 Support held for now. Now fight will be between $40,400 resistance (200 Daily MA) & Support at $39,700

GTG guys - will be away for some time. but keep an eye on these levels. Khud practice karo dekh ke ki kiya ho raha hai. waise sab imp levels above charts mein hai - so you can use them for reference.

Moved support line by $90 to $39,700. Which was finally broken after multiple retest. Tale pe Hatoda Concept. either it bounces back above this support else Bitcoin can be pushed down to next support at $38,365.

Khali toh bhari padh gya. itna bada choke slam

Thanks for all beautiful comments you guys are making on twitter. keeping me fueled up. ❤️

https://twitter.com/CryptooAdy/status/1397547964990590984?s=20

Update on this - Thanks to all for pointing out rising wedge.

Keep an eye on this going for retest trend line. Just likes previous rising wedge patterns. If it fails then we can test lower supports again.

2 Chart patterns ki ladai aab. inverse H&S vs rising wedge.

Kaun jeetega?
anonymous poll

Rising Wedge – 2K
👍👍👍👍👍👍👍 54%

I dont know – 716
👍👍👍 20%

Inverse H&S – 678
👍👍 19%

Dono Invalid ho jayege – 277
👍 8%

👥 3604 people voted so far.