Are we going up now?
Updated
Hi, I try to post often so if you could follow and like it would mean a lot to me.
BTC dropped from 30.5K to 27,5K and I am glad for that. A very necessary correction was needed because we were going up only. May is usually a month that is negative for markets and we will see how BTC reacts in a few weeks. We are at at support drawn by the ascending triangle (btw that line was drawn before we breakout to 30K) and we will see if we have a bullish retest or a bearish one. Most alts were at resistance so this drop was kinda predictable and LINK pump was also a bearish sign. 2nd semester of the year is going to be very interesting in macro terms and I will do a stream talking about that. Tomorrow or in 2 days I expect the price to be higher than it is today but that is just based on analysis of the lower time frames so if you are a short term trader you might want to look into that.
Comment what you think abou the idea and I will probably stream next week answering all your questions about the market and talknig about the macroenvironment.
BTC dropped from 30.5K to 27,5K and I am glad for that. A very necessary correction was needed because we were going up only. May is usually a month that is negative for markets and we will see how BTC reacts in a few weeks. We are at at support drawn by the ascending triangle (btw that line was drawn before we breakout to 30K) and we will see if we have a bullish retest or a bearish one. Most alts were at resistance so this drop was kinda predictable and LINK pump was also a bearish sign. 2nd semester of the year is going to be very interesting in macro terms and I will do a stream talking about that. Tomorrow or in 2 days I expect the price to be higher than it is today but that is just based on analysis of the lower time frames so if you are a short term trader you might want to look into that.
Comment what you think abou the idea and I will probably stream next week answering all your questions about the market and talknig about the macroenvironment.
Note
28K very soon
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