Crypto Market VLOG #22 - No fuel for BTC above 51K

14 thg 5, 2021

BTC has broken a minor trend line, resistance, we are 30mins or so from the 4h candle close, if we can stay above it it gives a slight leaning to continued uptrend for next 4 to 8 hours. It could act as a decent trigger for DEFI alt trades imo.

We also interacting with the 51k, so if we cant break that before this 4h close then that would suck haha. Kinda counteracts what I said in the sentence above! We break above 50k, hit resistance 51k, then bounce down. This is what I see generally.

MY PREDICTION, without volume and interest combined with a ton of FUD circulating, I don't think theres enough fuel to break above 51k/52k right now. Next 4 to 8 hours, maybe 12, we range 50k to 48k.

Test downwards to build momentum upwards.

Small windows for positive DEFI trades here, but they are brief and risky.

Many thanks and shoutouts to todays reviewed tradingview ideas = MMBTtrader, Helical_Trades, @TradingAxis, ArShevelev, @VincePrince.

-----------------------
--- Time Stamps ---
0:00 = Nuther Day Nuther Dollar
0:10 = BTC HTF update
2:30 = ETH showed weakness
3:25 = STF trend lines
6:15 = TODAYS BTC PREDICTION
7:10 = BTC STF Update
10:40 = MMBTtrader
14:30 = Helical_Trades
15:20 = @TradingAxis
16:25 = ArShevelev
17:20 = VincePrince
19:10 = Obligatory Elon hate
19:40 = Thanks for watching!
-------

** HTF = High time frame = 1h/4h/1day charts
STF = Short time frame = 1min/5min/15min charts
TA = Technical analysis
ALT = alt coins, alternate coins ie Ethereum, Cardano.