BEl wanna visit the moonRecently,Bel move close to its ATL and now giving a triangle assuring us 75% it is going bullish. Profit for Futures swing traders and spot Hodlers. Enjoy
Cryptoguru
The Crazy Volatility Coin: Data. Preparing For Another Pump?DATA. Always pumping, sometimes dumping. We've seen such crazy volatility on this coin since it's listing. The price settled for a while, increased by 500% by the end of March and now seems to prepare for another pump. Don't try to go for 500% returns, and follow the example here for a casual 16% for instance :).
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BTC Needs to Choose Direction SoonAfter days of no volatility, the BTC price finally showed some movement last night. The initial move was bearish but got rejected immediately by the bulls. It is too soon to tell the direction BTC wants to move to.
We could possible see some signals in the current stock market, as the unrealistic gains over the last weeks seem to have cautiously come to an end. Is this the top of a synthetic high?
If it is, the world economy could drag BTC down again. I am definitely not bullish for the coming few weeks because of the fundamental principles of a f'ed up economy together with way too high prices. However, on the shorter term we might see possibilities for some bullish scalps.
Furthermore, with the RSI that has been reset to exactly 50, we see there is no clear momentum at the moment and the price could truly go either way.
In this symmetrical triangle we can go exactly two ways, so I believe it's best to wait for BTC to show direction before we decide on either a bullish or bearish strategy.
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- Trading Guru
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Disclaimer!
This post does not provide financial advice. It is for educational purposes only!
