Hey there crypto Pals!
We can see the BTC price entangled between the 50 EMA and the 200 EMA.
This is an obvious consolidation ZONE.
As we see that tomorrow is the FUTURES CONTRACT RESET, we can expect new contracts beeing made for May, so, big volume is expected in the next days, that will possibly kick the price above the 200 EMA. If that happens, then, we will have the 200 EMA as a support, and also the lines drwan on the chart will act as resistance.
I'm expecting a pump until 59.4 or even 60k in the next week.
I'm not expecting any kind of bearish move from now until the middle of may. So, i'm trading this. Buying Support, selling at resistance.
Good luck, and Good trades.
We can see the BTC price entangled between the 50 EMA and the 200 EMA.
This is an obvious consolidation ZONE.
As we see that tomorrow is the FUTURES CONTRACT RESET, we can expect new contracts beeing made for May, so, big volume is expected in the next days, that will possibly kick the price above the 200 EMA. If that happens, then, we will have the 200 EMA as a support, and also the lines drwan on the chart will act as resistance.
I'm expecting a pump until 59.4 or even 60k in the next week.
I'm not expecting any kind of bearish move from now until the middle of may. So, i'm trading this. Buying Support, selling at resistance.
Good luck, and Good trades.
