#BTCUPDATE - 17.5.21
FINGERS CROSSED!!!!
BTC is still very very fragile - ASIA has woken up and seemingly bought the dip quite hard as has Europe. Hopefully the US will do the same and continue the momentum upwards.
We are seeing a bit of consolidation form now and it is important that we go up from here otherwise it can lead to a retest of $42k, which nobody really wants any more.
We may start seeing a bit of positive FOMO news start appearing which is what we will need along with some leaked institution buy's. Hoping everyone is getting a little bit bored of Elol's FUD too.
We still have very key resistances to break at $46.7k and then the big one at $50k to confirm direction but this small breakout is very promising.
We COULD be at the bottom!
FINGERS CROSSED!!!!
BTC is still very very fragile - ASIA has woken up and seemingly bought the dip quite hard as has Europe. Hopefully the US will do the same and continue the momentum upwards.
We are seeing a bit of consolidation form now and it is important that we go up from here otherwise it can lead to a retest of $42k, which nobody really wants any more.
We may start seeing a bit of positive FOMO news start appearing which is what we will need along with some leaked institution buy's. Hoping everyone is getting a little bit bored of Elol's FUD too.
We still have very key resistances to break at $46.7k and then the big one at $50k to confirm direction but this small breakout is very promising.
We COULD be at the bottom!
