Bitcoin $BTC Technical Analysis 11 May 2021

By Mandrakata | On The Edge | 11 May 2021


Technical Analysis

246edc82a58df6a9aaa14fc55fd778b16dbf9e6371f564900a64335df66fc149.png

https://www.tradingview.com/x/sSiyeMiY/

Short-term resistance in $58K was confirmed, also with loss of momentum in the RSI indicator.
I continue to follow the little uptrend of the actual wave, but closing price must stay above the short 50-EMA.
For mid-term we are swinging and 50% FIB retracemnet level ($47K) need to be consolidated before gain a new uptrend momentum.
I'm waiting more corrections in the short time-frame. I'm Long in other time-frames..

Β 

Rumors?! πŸš€

Β 

⚠️ Disclosure ⚠️ I wrote this article myself, and it expresses my own opinions.  Above ideas is for educational purpose only, it is not intended to be investment advice.
Some of reported links are affiliate links where I'll earn a small commission if you make a purchase at no additional cost to you.Β  I will never promote anything I don't truly believe in.


πŸ”‘Β Best Crypto Wallets
🌐 Best Crypto Exchanges (where I buy crypto) 
πŸ’ΉΒ Best Crypto Tools for Trading
πŸ‘Β Free Crypto FaucetsΒ (daily airdrops)

Β 

How do you rate this article?


5

0

Mandrakata
Mandrakata

Risk taker. Creativity solves everything. I practice what I post.


On The Edge
On The Edge

Trading outside your comfort zone. My technical analysis Ideas and Trading journal.

Send a $0.01 microtip in crypto to the author, and earn yourself as you read!

20% to author / 80% to me.
We pay the tips from our rewards pool.