Breaking

Saylor to Musk: Thanks to you, 25% of ‘Mag8’ firms now hold bitcoin Bitmine Immersion Technologies Announces Pricing of Upsized Series A Perpetual Preferred Stock Offering Authorities Take Down ‘AudiA6’ Group That Allegedly Laundered $389 Million in Bitcoin While bitcoin holds near $63,000, some data points to pain ahead for bulls

Trading View May 2, 2022

Be ready for a drop

Be ready for a drop

Be ready for a drop

Bitcoin / U.S. dollar BITSTAMP:BTCUSD

MJShahsavar

Disclaimer:
Consider first that this is an analysis and not a recommendation to trade. Please trade based on your analysis:
Bitcoin shows similar conditions to previous drops based on many technical indicators in the Monthly timeframe:
1- Stoch RSI is in the oversold area
2- TSI At the same value as previous breakdowns
3- RSI at the same Value as previous breakdowns
4-TD Countdown shows an approximate number of previous breakdowns
In general, although I consider a local top possible, I consider the probability of a drop to be high

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