Bitcoin by design is controversial, disruptive, progressive and certainly one of the hottest financial instruments known to the trading world since it began.... bitcoin was born to be wild!!!!
We want to get a good idea of where BTC is headed in May 2018 so...
We have the fib levels and some supply and demand zones so we can get a good idea of the bounces and major support and resistance levels
currently at time of writing this we just peaked at 9960 and currently testing support at 9200 area, currently following the gann fan trend support line above the 2/1 area
8500 area is the key support and if this level breaks we could see some more bearish undertones emerging and a possible head towards feb/april lows
im pretty bullish on bitcoin, not full bull yet still cautious but optimistic on good gains and scalps to be had in May, im not seeing the push onto the ath yet maybe june or july after we see some hard and soild bull action bringing the bitcoin momentum up and over key support levels of 10k, 11800 & 12600
for clearer sign upwards wait for the price to close above the red triangle and head towards 11k
have a great month of May and see u in the BTFD group chat
peace up!
We want to get a good idea of where BTC is headed in May 2018 so...
We have the fib levels and some supply and demand zones so we can get a good idea of the bounces and major support and resistance levels
currently at time of writing this we just peaked at 9960 and currently testing support at 9200 area, currently following the gann fan trend support line above the 2/1 area
8500 area is the key support and if this level breaks we could see some more bearish undertones emerging and a possible head towards feb/april lows
im pretty bullish on bitcoin, not full bull yet still cautious but optimistic on good gains and scalps to be had in May, im not seeing the push onto the ath yet maybe june or july after we see some hard and soild bull action bringing the bitcoin momentum up and over key support levels of 10k, 11800 & 12600
for clearer sign upwards wait for the price to close above the red triangle and head towards 11k
have a great month of May and see u in the BTFD group chat
peace up!
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how its looking today...
