BTC Consolidation

١٥ مايو ٢٠١٨

If daily 200EMA continues to be resistance, I wouldn't be surprised with a fall into the green box (~7500).

Pay attention to how prices react above 8800.

٢١ مايو ٢٠١٨

ملاحظة

The daily 50EMA has crossed the 200EMA once again making the 50EMA the new resistance (~8700). Expecting the price to test that level again but I'm not convinced that it will break through just yet.

٢٢ مايو ٢٠١٨

ملاحظة

Still net short.

٢٣ مايو ٢٠١٨

ملاحظة

Hedged some shorts at 7450. Expecting a short term bounce here but my target for longs is around 7200.

I don't doubt we hit those levels. Question is, will it hold? o.O

٣٠ مايو ٢٠١٨

ملاحظة

I'm not fully convinced that a bounce is coming. If it does, I don't think it'll have much power (maybe to the ~8200 levels). Long term, I still believe BTC needs to play around in the 5000s level before we see another major bull run.

٣١ مايو ٢٠١٨

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