halakoei

BTC Technical analysis 16-May 2020

BITTREX:BTCUSDT   Bitcoin / Tether
Pullback to 9.300$ Support + 50 MA I was telling about in previous update occurred.
As we stay above 50 MA Dynamic Support our local priority stays bullish, and we still keep the long position with a stop-loss below 50 MA.
However I am also prepared for short in case we lose the 50 MA. In this case 8.935$ Support will be retested and if the one is broken then Support Zone around 8.400$ will be retested too.
GoodLuck

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.