#BITCOIN Still Looking Down 26.05.2021

$BTC closed today right below the daily 8 EMA line, hinting that it is not done with the bottom waves. Targets stand – 30000-24000.

Musings:

I think that it might try to complete a triangle for wave 4 (blue shape), followed by a wedge/ending diagonal (green shape). There is also a good chance for completing wave c of 4 as an ending diagonal (red shape). In the latter case, a sharp decline would follow.

The month end print on May 31 becomes very critical.

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