BTC direction

19 May

Currently, the BTC is trying to escape the consolidation channal and when we close above 68K, this will be likely the case. Weekend is slowly coming to an end, the BTC seems of loosing steam creeping to lower levels.
Main lines to follow:
1. Below 66.5K temporary the show is over and will need a good event, push to try attack again the 68K target...
2. Bellow 60K, brace yourself for lower target and fighting the lower levels of 59, 57K.... throughout the early summer.
3. Below 52k, let's talk again in the fall... bull run will be postponed for a while...