🚨 ATTENTION 🚨
📈 💣💣💣FALL HARD💣💣💣📈
Technical analysis of Bitcoin (BTC) as of May 1, 2024 suggests the following:
Technical Indicators:
The MACD (12.26) is indicating strong selling, which may suggest possible correction or reversal of the uptrend.
Moving Averages:
The MA5 and MA10 are in a neutral position, which indicates that the market may be indecisive at the moment.
Technical Indicators:
The ADX (1.88) is indicating Strong selling, suggesting that the downward trend may continue.
USDT(1.34) is indicating Strong Bullishness, suggesting that the Bullish trend may continue.
Pivot Points:
The classic pivot points, Fibonacci, Camarilla and Woodie’s can help identify support and resistance levels. However, it is important to note that cryptocurrency prices are highly volatile and can change quickly. Here are the pivot point values for BTC/BRL:
Classic: S3: 319783, S2: 320857, S1: 322357, R1: 323431, R2: 324931, R3: 326005.
Fibonacci: S3: 320857, S2: 321840, S1: 322448, R1: 323431, R2: 324414, R3: 325022.
Camarilla: S3: 323150, S2: 323385, S1: 323621, R1: 323431, R2: 324093, R3: 324329.
Woodie’s: S3: 319997, S2: 320964, S1: 322571, R1: 323538, R2: 325145, R3: 3261122.
Remember that technical analysis is just a tool and does not guarantee future results. Additionally, other factors such as market news and global events also affect the price of Bitcoin. Investing in cryptocurrencies involves risks and should be done with caution.
