BTC ready to fall

24 May 2019

Chart is self explanatory.

26 May 2019

Not

There are always people who buy BTC 8400$ in May and XRP 3$ at the highs...

27 May 2019

Not

This breakout has not much space to grow. And this breakout is a bad sign.
From the point of 8k we could drop to the 6k area and that would be nice. But from this point of view this looks more tragically. When BTC rush from 3500 to the 9k area without any stops or corrections this is bad for market stability. Because once you grow fast and much you will be thrown back with the equivalent power. So, what I want to say. I am expecting that BTC may drop harder and faster that it could.

For now there are 2 good support levels that BTC should deal with. Its 6k and 5k.
So If BTC crushes 6k momentum will drive us under right to the low 5000.
About 10k target. Still think that we wont reach it. Probably the turn point somewhere between 9100-9300.
Even thou we will probably reach it I dont recommend to buy. Because there are much more space to fall. People who now gambling for little profits risking to be beaten strongly.