Estimation of the mid-term perspectives for crypto market.
1. Currently located at the strong resistance level and local sell off already happened. Market corrected for more than 20% and 10% was bought back in the first day.
2. According to the cycles seller still has a chance in current phase to continue correctional move to the south by 20th-24th of May.
3. Open interest barely bounced from the bottom. Not many players want to trade BTC in such conditions.
4. Fear index is situated in the extreme zone of fear even while we had a rally to 10k.
From all said above we can conclude that we can continue correctional move, but it will not be deep and will fit to our correctional plan. Mid-term targets for BTC and the whole market are 10-14k for main crypto asset.
1. Currently located at the strong resistance level and local sell off already happened. Market corrected for more than 20% and 10% was bought back in the first day.
2. According to the cycles seller still has a chance in current phase to continue correctional move to the south by 20th-24th of May.
3. Open interest barely bounced from the bottom. Not many players want to trade BTC in such conditions.
4. Fear index is situated in the extreme zone of fear even while we had a rally to 10k.
From all said above we can conclude that we can continue correctional move, but it will not be deep and will fit to our correctional plan. Mid-term targets for BTC and the whole market are 10-14k for main crypto asset.
Trading ditutup: target tercapai
11K reached! Congrats!
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✅ Торгую:
- Bitget partner.bitget.com/bg/Epsilons
- BingX bingx.com/invite/ZMIDGV
- Bybit partner.bybit.com/b/epsilon
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✅ Торгую:
- Bitget partner.bitget.com/bg/Epsilons
- BingX bingx.com/invite/ZMIDGV
- Bybit partner.bybit.com/b/epsilon
✅ Закрытая группа: clck.ru/3CrRgs
Pernyataan Penyangkalan
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✅ Подпишись на мой телеграм: t.me/+lKlPrp86m7BhYmMy
✅ Торгую:
- Bitget partner.bitget.com/bg/Epsilons
- BingX bingx.com/invite/ZMIDGV
- Bybit partner.bybit.com/b/epsilon
✅ Закрытая группа: clck.ru/3CrRgs
✅ Торгую:
- Bitget partner.bitget.com/bg/Epsilons
- BingX bingx.com/invite/ZMIDGV
- Bybit partner.bybit.com/b/epsilon
✅ Закрытая группа: clck.ru/3CrRgs
Pernyataan Penyangkalan
Informasi dan publikasi tidak dimaksudkan untuk menjadi, dan bukan merupakan saran keuangan, investasi, perdagangan, atau rekomendasi lainnya yang diberikan atau didukung oleh TradingView. Baca selengkapnya di Persyaratan Penggunaan.