Buyers still can't get over from Musk and Buterin
For three days in a row, the price is buried about $ 49,500. Buyers still can't get over Musk and Buterin. On May 13, they checked the crypto market for liquidity. The BTC / USDt pair remains trading below 50% of the fall from 58k to 46k. This indicates high risks of renewing at least 46k. To neutralize bearish sentiment, buyers need to close the week near the trend line (TR - 55k)
On the daily TF, sellers have consolidated below the key support of $ 50655. Buyers' activity has noticeably decreased. The boat can capsize at any time.
Allocated a zone of $ 46000-46930. It is an intermediate support below the trend line. The day candle for May 13 can be called a long-legged doji. Doji is when the closing price is approximately equal to the opening price. In our example, the body of the candlestick (49537-49670) is $ 133 with a candlestick range of $ 5367. With the current volatility and the bitcoin price of 50 thousand, the open / close prices can be considered approximately equal.
Long legged doji are considered significant when they occur during a strong uptrend or downtrend. Such a setup assumes that at the moment supply and demand are approaching equilibrium in the market, as a result of which a change in the direction of movement may occur. Dodge for buyers, the only hope for a rebound. If the movement is in the late afternoon, I'll let you know.
Posted Using LeoFinance Beta
See how a single tweet can make the market swing. One day they think that BTC is good so it goes up and and other day they think it's not good and price goes down. And all the believers go with the trend. World is not weird.
It all started not with a tweet, but a TV show ...
Well, Trump started to move the market with tweets.
Posted Using LeoFinance Beta
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