The descent announced with my post of 12 May took place: https://www.publish0x.com/trade60/bitcoin-technical-analysis-of-may-12-2021-xqkxnpm 

We all know by now the reasons starting from Tesla that it will no longer accept BTC for the payment of its cars etc ....

Let's not be intimidated, technically a decline was inevitable, the market needs to rest for a moment.

Let's not be intimidated, technically a decline was inevitable, the market needs to rest for a moment. We broke through the April 25 low of $ 47044. If it were to retest it and go down more we could have a lower price in the $ 43,000 area, Fibonacci 1 I plotted on the chart. 

Personally, I don't think it goes any further.

A daily close above the low of April 25 should be healthy and restart BTC for the $ 51500 and $ 54000 area.

I hold on, of course I took advantage of the decline to sell and buy lower by increasing my amount of BTC owned.

Let's see what happens! I am an optimist.

Graphics: tradingview.com

Follow me on Telegram for more details during the day:    https://t.me/joinchat/_J8vQO5jNPBlYTg0 

Register an account on Binance to get a 5% discount on commissions: https://www.binance.com/it/register?ref=NG0GOL6H

Log in to Publish0x:

https://www.publish0x.com/?a=oQeZ4DR6bp

This article does not contain investment advice. Every investment and trading move carries a risk, readers should conduct their own research when making a decision.

THE OPINIONS EXPRESSED BY THE AUTHOR ARE PERSONAL ONLY AND FOR INFORMATION PURPOSES AND DO NOT CONSTITUTE FINANCIAL, INVESTMENT OR OTHERWISE ADVICE.

Thanks for reading I look forward to your comments.