BTC/USD - Recovering the postive momentum

2019年4月28日

BTC made the awaited pull-back and now it is trying to get back to the resistance at 5500 (note that this is a Bitfinex chart that gives a more expensive price for BTC -> arbitrage opportunities). The retracement was made with a very long wick partially due to the Bitfinex issues with USDT. These kind of wicks are stop-loss killers for those who set one.

Now price has stopped at a small resistance. If it breaks it and makes a new maximum, long positions for BTC/USD and the crypto market in general will take over.

The Copilot