BTC Technical analysis 16-May 2020
Pullback to 9.300$ Support + 50 MA I was telling about in previous update occurred.
As we stay above 50 MA Dynamic Support our local priority stays bullish, and we still keep the long position with a stop-loss below 50 MA.
However I am also prepared for short in case we lose the 50 MA. In this case 8.935$ Support will be retested and if the one is broken then Support Zone around 8.400$ will be retested too.
GoodLuck
As we stay above 50 MA Dynamic Support our local priority stays bullish, and we still keep the long position with a stop-loss below 50 MA.
However I am also prepared for short in case we lose the 50 MA. In this case 8.935$ Support will be retested and if the one is broken then Support Zone around 8.400$ will be retested too.
GoodLuck
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