BTC 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!
- 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!
Comment:
BTC update: Bitcoin have a nice bounce from 42k area, now we will keep an eye on 46k level, if BTC can reach to this level and 4h candle can close above this level, bull idea will be continue