Bitcoin consolidating

5 May 2019

Bitcoin uptrend is still strong, last week the price respected the 26 SMA and continued up to a new level, this week I'm expecting another consolidation phase with 2 - 5% retracements and small pumps over the week. Watch your SL and keep following the trend

• Trend: Uptrend consolidation phase
  
• MACD has made a little cross up and is far
  away from the 0 line.
  
• Price is above a key level, but close to
  $6,000 key level, could range around it