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

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Regarding the upcoming BitOffer news on May 20th, does Bitcoin continually go down?

Thu May 20, 2021 8:12 am

The market touch the bottom. It declined to 20%. The BTC quickly had a callback to turn green. The market went up. From 1-hour chart, the candles stepped back the V-shape bottom. The long term pessimistic line had a resistance. The MACD pulled back below the zero axis again. It had expectation to the longs. Buy BTC above the $36,000. Stop it when it breaks out. Let it out when it breaks the $42,000.

The ETH had a callback. From 4-hour chart, the candles stepped back the long-term optimistic line again. In the short tern it pushed down. It started to have a callback. The long-term moving average and short-term moving average sharply departed. The uptrend will go back after it kept steady. Buy ETH above the 2200. Stop it when it breaks the 2700.

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