Crypto Market Status — 16th May

Most tokens take breath after yesterday's pump.

The signal count on the daily and hourly chart is highly #bullish. For example, there's not a single bearish signal on the daily chart compared to 17 bullish.

However, it is essential that $BTC and #altcoins confirm the breakout. Therefore, it would be optimal to have a small pullback that gets bought up quickly and sent to high heights afterward.

In terms of #Bitcoin it will be essential to break through the upper resistance (~67,500). If this fails, the level of 56,000 will be quicker on the table than many think.

I will post some juicy signals during the day...