I spotted BTC hit its head on the slanting support-turned-resistance line at around 40k and posted on 28 Apr that it would go to 33k in a week. To me, that bounce down was the clearest bear sign since Nov. last year. Well, only a couple of days late, so it was spot on in my book.
What's next for BTC?
If monthly candle closes below 32k, it would be game over for BTC . However, we're still in the beginning of the month, so there might still be hope. Personally, I want it to go down to 8K, so my theory would be confirmed and I'll pick up the dip then.
First, it has to pass the 29k mark.
Let's see.