Mikemiky001
Bronze Bitcoiner
Bronze Bitcoiner
Posts: 316
Joined: Mon May 10, 2021 8:14 am

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What is the Bitcoin trend on May 14 afternoon according to the BitOffer exchange?

Fri May 14, 2021 12:06 pm

The market soared up. The market increased more than 8%. The Dogecoin increased more than 40%. The BTC had a callback. From 1-hour chart, the candles pulled up with the optimistic line. The short term moving average went up. It had a callback on the longs. The MACD increased below the zero axis. It got cross to the zero axis. The indicator volume got large. In the short term it will have expectation to have a callback. HODL on above the $48,000. Focus on the $52,000 resistance.

The ETH pulled back. From 1-hour chart, the candles had a strong callback. The MACD would went up to the zero axis. The longs increased but would touch the MA60 moving average. It had resistance to go up. Don’t chase it. Pay attention to the callback. Buy it at dips. Buy ETH on 3800. Reduce the position on 4000.

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