bullish.
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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...
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...
