BTC update

2021年5月29日

BTC update
Heavy weekend for BTC. For this update i chose the daily chart in order to give a larger view on the BTC status.

The selling pressure increased since the last update pushing it even lower to the 35k level which did not hold. The price is now in a freefall on the daily and heading towards the daily breaker, meaning that if this will not hold we will most probably head to the legendary support that looks weak and finally on the daily support(22k-24k) which is our best bet for a big long entry accumulation.

Sublime Waves:
Money flow is going red and seems to be getting lower and lower, the market is in fear, acumulation along the way is not a bad idea, just remember to keep the large portion of your reinvestment fund for the potential drop to the previously stated levels.

Because there are a lot of people watching their spot account diminishing by the day ,we have shorts along the way to compensate for the current market(See the diferent phases on the strategies channel)