Quick BTC update 31.05.2019

[ew-and-patterns]

Bulls are hoping for 6k to buy, but I think it is too soon for that. Bears are calling for 1.7k, LOL.

We could see 6k again in wave 2 when wave 1 of this new bull cycle is finally completed, but I think we are not close to this wave 1 top yet.

We are seeing a clear channel and the MA 50 (fair value) has not been touched since 27.03.2019.

If that somehow looks bearish to you, you should consider getting a new pair of glasses.

If you think this to be useful information:





Feel free to use and share my charts, but please mention me, @ew-and-patterns as the author. Otherwise it is considered plagiarism and I will flag you and advise my friends to do the same.

Please consider leaving a comment, like or resteem, if this post entertained you or helped you see things differently...

Have a nice day :-)

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Comments

[lionsuit]

Love seeing some LOL in that title. Got to stay positive and not take ourselves too seriously whichever direction.
💪🐬⚡

Posted using Partiko Android

[toofasteddie]

hahhahahha! fortunately I don't need glasses to see how we take off!

[ew-and-patterns]

;-)

[kywt]

LOL to that last sentence

[kywt]

LOL to that last sentence

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