#BTCUPDATE - 13.5.21
What a dump!!! 100% caused by Elon's/Tesla's note about
This is inversely a big promo for ALT's and a lot of people are going to be investing in renewable energy focused currencies in anticipation. We could see ALOT of money fly into ALT's here.
BTC has printed a very bullish Cypher on the daily and pretty much oversold across the board on the 4hr. Expecting a retracement back up to the expected path. IT will be a bumpy ride with rejections at $52.2 and $53.4. Although first hurdle is getting back above the daily 100EMA.
It is looking like the bottom is in - pick up some dip buys but DO NOT OVERCOMMIT as we saw in the dumps from 18th to 23rd we can see another sell off at one of these resistances.
Take advantage by increasing TP's on bots and adding to HODL's. Swings should be pretty fast closing today in USDT.
Stay safe there will be a lot of volatility Futures is going to be a minefield so only trade what you are prepared to lose there.
What a dump!!! 100% caused by Elon's/Tesla's note about
This is inversely a big promo for ALT's and a lot of people are going to be investing in renewable energy focused currencies in anticipation. We could see ALOT of money fly into ALT's here.
BTC has printed a very bullish Cypher on the daily and pretty much oversold across the board on the 4hr. Expecting a retracement back up to the expected path. IT will be a bumpy ride with rejections at $52.2 and $53.4. Although first hurdle is getting back above the daily 100EMA.
It is looking like the bottom is in - pick up some dip buys but DO NOT OVERCOMMIT as we saw in the dumps from 18th to 23rd we can see another sell off at one of these resistances.
Take advantage by increasing TP's on bots and adding to HODL's. Swings should be pretty fast closing today in USDT.
Stay safe there will be a lot of volatility Futures is going to be a minefield so only trade what you are prepared to lose there.
