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Silos_Notlim
May 5, 2019 6:19 PM

Bitcoin consolidating  

Bitcoin / United States DollarCoinbase

Description

Bitcoin uptrend is still strong, last week the price respected the 26 SMA and continued up to a new level, this week I'm expecting another consolidation phase with 2 - 5% retracements and small pumps over the week. Watch your SL and keep following the trend

  • Trend: Uptrend consolidation phase
  • MACD has made a little cross up and is far
    away from the 0 line.
  • Price is above a key level, but close to
    $6,000 key level, could range around it
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