BTC Update 05/15/2021BTC Update
- According to the trend update on 12/05/2021 BTC broke the support to the $46K area and pulled out very quickly after breaking the old bottom 46K9
- On the H4 frame we can see that BTC is quite bad with the following high and low lower than the previous high.
- EMA50 cut EMA200 down and reported red.
- According to Cryptoquant statistics, the amount of BTC is gradually being transferred to the exchanges.
- If BTC breaks to the bottom of $46k, it is likely to return to the support zone of $42k - $43K, corresponding to the D-frame 200 EMA.
*ALTCOIN:
- In the previous analysis, NAMI Exchange warned everyone to restructure their portfolio, set Stoploss and take Profit when possible.
+ If BTC drops further, it is an opportunity to prepare to BUY THE DIP./
Happy Trading Everyone!
